Sunrise Resources (LON:SRES) Trading Down 16.7% – Should You Sell?

Sunrise Resources plc (LON:SRES) fell 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 changed hands during mid-day 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 company has a quick ratio of 3.18, a current ratio of 0.71 and a debt-to-equity ratio of 12.48. The stock’s 50 day moving average price is GBX 0.03 and its two-hundred day moving average price is GBX 0.04.

Sunrise Resources (LON:SRES) last posted its quarterly earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share for the quarter. On average, sell-side analysts predict 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.