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

Sunrise Resources plc (LON:SRES) shares were 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). Approximately 41,440,141 shares were traded during trading, an increase of 349% from the average daily volume of 9,232,280 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Price Performance

The firm’s 50 day simple moving average is GBX 0.03 and its two-hundred day simple moving average is GBX 0.04. 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 issued its quarterly earnings results on Thursday, February 13th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that Sunrise Resources plc will post -2 EPS for the current fiscal 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.