Sunrise Resources (LON:SRES) Trading Down 15.8% – Time to Sell?

Sunrise Resources plc (LON:SRES)’s share price fell 15.8% during mid-day trading on Monday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 20,001,059 shares traded hands during trading, an increase of 132% from the average session volume of 8,617,813 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Trading Down 15.8 %

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 business’s 50 day moving average is GBX 0.02 and its two-hundred day moving average is GBX 0.03.

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. As a group, analysts predict that Sunrise Resources plc will post -2 earnings per share for the current fiscal year.

Insider Transactions at Sunrise Resources

In other news, insider James Cole bought 39,764,880 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of GBX 2 ($0.03) per share, for a total transaction of £795,297.60 ($1,028,313.42). 21.11% of the stock is currently owned by corporate insiders.

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.