Caspian Sunrise (LON:CASP) Shares Up 1.5% – Time to Buy?

Caspian Sunrise plc (LON:CASP)’s share price traded up 1.5% during mid-day trading on Thursday . The stock traded as high as GBX 3.30 ($0.04) and last traded at GBX 3.30 ($0.04). 183,825 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 1,336,836 shares. The stock had previously closed at GBX 3.25 ($0.04).

Caspian Sunrise Stock Performance

The company has a market capitalization of £74.25 million, a P/E ratio of -33.00 and a beta of 1.95. The company’s 50 day moving average is GBX 3.71 and its 200-day moving average is GBX 3.66. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 17.99.

Caspian Sunrise Company Profile

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.