Sunrise Resources (LON:SRES) Shares Down 16.7% – Here’s Why

Sunrise Resources plc (LON:SRES)’s stock price fell 16.7% 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). 41,440,141 shares changed hands during 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 Trading Down 16.7 %

The company has a current ratio of 0.71, a quick ratio of 3.18 and a debt-to-equity ratio of 12.48. The company’s fifty day moving average price is GBX 0.03 and its 200 day moving average price is GBX 0.04.

Sunrise Resources (LON:SRES) last posted its quarterly earnings data on Thursday, February 13th. The company reported GBX (0.02) ($0.00) EPS for the quarter. As a group, equities 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.