Caspian Sunrise (LON:CASP) Hits New 52-Week Low – Time to Sell?

Shares of Caspian Sunrise plc (LON:CASPGet Free Report) hit a new 52-week low on Friday . The company traded as low as GBX 1.73 and last traded at GBX 2.09, with a volume of 2895003 shares changing hands. The stock had previously closed at GBX 2.10.

Caspian Sunrise Price Performance

The company has a debt-to-equity ratio of 9.45, a quick ratio of 0.44 and a current ratio of 1.49. The company has a market cap of £49.25 million, a price-to-earnings ratio of 4.54 and a beta of 1.33. The business has a fifty day moving average price of GBX 2.24 and a 200 day moving average price of GBX 2.42.

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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