Caspian Sunrise (LON:CASP) Trading Down 4.5% – Should You Sell?

Caspian Sunrise plc (LON:CASPGet Free Report)’s share price fell 4.5% during trading on Tuesday . The stock traded as low as GBX 2.50 and last traded at GBX 2.63. 235,775 shares were traded during trading, a decline of 88% from the average session volume of 2,031,744 shares. The stock had previously closed at GBX 2.75.

Caspian Sunrise Trading Down 4.5%

The company has a debt-to-equity ratio of 9.37, a quick ratio of 0.44 and a current ratio of 0.50. The stock has a market capitalization of £61.85 million, a PE ratio of 5.05 and a beta of 1.95. The business’s 50-day moving average is GBX 2.62 and its two-hundred day moving average is GBX 2.32.

About Caspian Sunrise

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Caspian Sunrise plc engages in the exploration and production of oil and gas assets in Central Asia. The company operates through Exploration for and Production of Crude Oil; Onshore Drilling Services; and Offshore Drilling Services segments. It explores for and produces crude oil. The company holds a 99% interest in its principal asset, the BNG Contract Area, which covers an area of 1,561 square kilometers located in the Mangistau Oblast in the west of Kazakhstan. It also offers onshore drilling and repair services; and offshore drilling services.

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