Caspian Sunrise (LON:CASP) Shares Up 8.2% – Should You Buy?

Caspian Sunrise plc (LON:CASP)’s share price was up 8.2% during mid-day trading on Tuesday . The stock traded as high as GBX 2.98 and last traded at GBX 2.98. Approximately 128,929 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 1,123,418 shares. The stock had previously closed at GBX 2.75.

Caspian Sunrise Trading Down 5.5%

The company has a current ratio of 0.50, a quick ratio of 0.44 and a debt-to-equity ratio of 9.37. The firm has a market capitalization of £61.21 million, a price-to-earnings ratio of 5.00 and a beta of 1.95. The firm’s 50-day moving average is GBX 2.40 and its 200 day moving average is GBX 2.25.

About Caspian Sunrise

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.