Sunrise Resources (LON:SRES) Stock Price Down 16.7% – Here’s Why

Sunrise Resources plc (LON:SRES)’s stock price traded down 16.7% on Wednesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 41,440,141 shares traded hands during trading, an increase of 349% from the average session volume of 9,232,280 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Performance

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

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 for the quarter. As a group, equities analysts predict that Sunrise Resources plc will post -2 earnings per share for the current fiscal 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.