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

Shares of Sunrise Resources plc (LON:SRES) dropped 15.8% on Monday . 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 changed hands during mid-day 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 Stock Performance

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

Sunrise Resources (LON:SRES) last issued its earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. Analysts forecast that Sunrise Resources plc will post -2 EPS for the current fiscal year.

Insider Buying and Selling at Sunrise Resources

In other Sunrise Resources news, insider James Cole bought 39,764,880 shares of Sunrise Resources stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of GBX 2 ($0.03) per share, for a total transaction of £795,297.60 ($1,028,180.48). Insiders own 21.11% of the company’s stock.

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.