Vast Resources (LON:VAST) Stock Price Up 12.9% – Time to Buy?

Vast Resources plc (LON:VAST) rose 12.9% during trading on Thursday . The stock traded as high as GBX 0.08 ($0.00) and last traded at GBX 0.08 ($0.00). Approximately 52,165,211 shares were traded during trading, a decline of 17% from the average daily volume of 62,879,957 shares. The stock had previously closed at GBX 0.07 ($0.00).

Vast Resources Stock Performance

The firm’s 50-day moving average price is GBX 0.09 and its two-hundred day moving average price is GBX 0.12. The company has a debt-to-equity ratio of 540.43, a quick ratio of 0.15 and a current ratio of 0.29. The stock has a market cap of £1.31 million, a price-to-earnings ratio of -7.50 and a beta of 2.56.

Vast Resources Company Profile

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.