Sunrise Resources (LON:SRES) Shares Down 15.8% – Should You Sell?

Shares of Sunrise Resources plc (LON:SRES) traded down 15.8% on Monday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 20,132,318 shares were traded during trading, an increase of 134% from the average session volume of 8,619,966 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Down 15.8 %

The business has a 50 day simple moving average of GBX 0.02 and a 200-day simple moving average of GBX 0.03. The company has a quick ratio of 3.18, a current ratio of 0.71 and a debt-to-equity ratio of 12.48.

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, equities research analysts anticipate that Sunrise Resources plc will post -2 earnings per share for the current year.

Insider Transactions at Sunrise Resources

In other news, insider James Cole purchased 39,764,880 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of GBX 2 ($0.03) per share, for a total transaction of £795,297.60 ($1,027,516.28). Company insiders own 21.11% of the company’s stock.

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.