Vast Resources (LON:VAST) Shares Down 4.4% – Here’s What Happened

Vast Resources plc (LON:VAST) was down 4.4% during mid-day trading on Wednesday . The stock traded as low as GBX 4.25 and last traded at GBX 4.42. Approximately 5,577,133 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 5,561,721 shares. The stock had previously closed at GBX 4.62.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Vast Resources in a research report on Wednesday, August 19th.

Vast Resources Trading Down 4.4%

The business has a fifty day simple moving average of GBX 3.54. The company has a quick ratio of 0.15, a current ratio of 0.29 and a debt-to-equity ratio of 540.43. The company has a market cap of £73.09 million, a price-to-earnings ratio of -0.80 and a beta of 2.56.

About Vast Resources

Vast Resources plc engages in the exploration and development of mineral projects in Sub-Saharan Africa and Eastern Europe. The company explores for copper, zinc, silver, gold, and diamond deposits. It holds 100% interest in the Baita Plai Polymetallic Mine located in Romania; and 100% interest the Manaila Polymetallic Mine covering an area of approximately 138.6 hectares located in Romania; 29.41% interest in the Blueberry Polymetallic Gold project located in Baia de Aries, Western Romania; and interests in other Romanian prospects.