Sunrise Resources (LON:SRES) Shares Down 20.8% – Should You Sell?

Shares of Sunrise Resources plc (LON:SRES) dropped 20.8% during trading on Wednesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 23,240,141 shares changed hands during trading, an increase of 167% from the average daily volume of 8,712,280 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Down 16.7 %

The company has a quick ratio of 3.18, a current ratio of 0.71 and a debt-to-equity ratio of 12.48. The company’s fifty day moving average is GBX 0.03 and its 200 day moving average is GBX 0.04.

Sunrise Resources (LON:SRES) last released its quarterly earnings data on Thursday, February 13th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. On average, equities analysts expect that Sunrise Resources plc will post -2 earnings per share for the current year.

About Sunrise Resources

Sunrise Resources plc engages in the acquisition, exploration, and development of mineral projects in the United States and Western Australia. The company explores for gold, copper, silver, lead, zinc, precious metal, base metal, and industrial mineral projects. It mines at CS Pozzolan-Perlite project located in Nevada, the United States, as well as holds leases/option agreement in the Jackson Wash project located in Nevada, the United States.