Sunrise Resources (LON:SRES) Stock Price Down 20.8% – Time to Sell?

Sunrise Resources plc (LON:SRES) dropped 20.8% during mid-day 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 traded 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 Performance

The firm has a 50-day simple moving average of GBX 0.03 and a two-hundred day simple moving average of GBX 0.04. The company has a debt-to-equity ratio of 12.48, a quick ratio of 3.18 and a current ratio of 0.71.

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

Sunrise Resources Company Profile

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.