Sunrise Resources (LON:SRES) Shares Down 15.8% – Here’s What Happened

Sunrise Resources plc (LON:SRES)’s stock price dropped 15.8% during mid-day trading on Tuesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 20,132,318 shares were traded during trading, an increase of 134% from the average daily volume of 8,619,966 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Trading Down 5.6 %

The company’s 50 day simple moving average is GBX 0.02 and its 200-day simple moving average is GBX 0.03. 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 released its quarterly earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. As a group, analysts expect that Sunrise Resources plc will post -2 EPS for the current year.

Insider Activity at Sunrise Resources

In other news, insider James Cole purchased 39,764,880 shares of the stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,032,719.91). 21.11% of the stock is owned by company insiders.

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.