Vast Resources (LON:VAST) Stock Price Up 10.5% – Still a Buy?

Vast Resources plc (LON:VAST) shares were up 10.5% on Tuesday . The company traded as high as GBX 5 and last traded at GBX 4.75. 2,638,591 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 6,609,708 shares. The stock had previously closed at GBX 4.30.

Analysts Set New Price Targets

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

Vast Resources Price Performance

The firm has a market cap of £82.69 million, a PE ratio of -0.91 and a beta of 2.56. The company has a current ratio of 0.29, a quick ratio of 0.15 and a debt-to-equity ratio of 540.43. The firm has a 50 day simple moving average of GBX 3.41.

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.