Vast Resources (LON:VAST) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Vast Resources plc (LON:VAST)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.11 ($0.00) and traded as low as GBX 0.09 ($0.00). Vast Resources shares last traded at GBX 0.10 ($0.00), with a volume of 27,407,424 shares traded.

Vast Resources Price Performance

The company has a market cap of £1.77 million, a price-to-earnings ratio of -9.80 and a beta of 2.56. The company has a debt-to-equity ratio of 540.43, a current ratio of 0.29 and a quick ratio of 0.15. The firm has a 50-day moving average price of GBX 0.08 and a 200 day moving average price of GBX 0.11.

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.