Caspian Sunrise (LON:CASP) Shares Up 16.5% – What’s Next?

by · The Markets Daily

Caspian Sunrise plc (LON:CASP – Get Free Report) shares shot up 16.5% on Wednesday . The stock traded as high as GBX 2.97 and last traded at GBX 2.97. 1,544,337 shares were traded during trading, an increase of 12% from the average session volume of 1,376,678 shares. The stock had previously closed at GBX 2.55.

Caspian Sunrise Stock Up 17.4%

The firm has a market cap of £70.48 million, a PE ratio of 12.48 and a beta of 1.95. 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 company’s 50-day simple moving average is GBX 2.16 and its two-hundred day simple moving average is GBX 2.23.

Caspian Sunrise Company Profile

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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.

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