Vast Resources (LON:VAST) Shares Down 4.4% – Here’s What Happened

Shares of Vast Resources plc (LON:VAST) traded down 4.4% on Wednesday . The stock traded as low as GBX 4.25 and last traded at GBX 4.42. 5,577,133 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 5,561,721 shares. The stock had previously closed at GBX 4.62.

Analysts Set New Price Targets

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

Vast Resources Stock Performance

The stock has a fifty day moving average price of GBX 3.60. The company has a quick ratio of 0.15, a current ratio of 0.29 and a debt-to-equity ratio of 540.43. The firm has a market cap of £78.55 million, a PE ratio of -0.86 and a beta of 2.56.

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.