Sunrise Resources (LON:SRES) Stock Breaks Below 200 Day Moving Average – Time to Sell?

Shares of Sunrise Resources plc (LON:SRES) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 0.02 and traded as low as GBX 0.01. Sunrise Resources shares last traded at GBX 0.01, with a volume of 24,335,941 shares traded.

Sunrise Resources Stock Performance

The company has a debt-to-equity ratio of 12.48, a quick ratio of 3.17 and a current ratio of 0.71. The firm has a market cap of £1.41 million, a price-to-earnings ratio of -3.00 and a beta of 0.88. The business has a fifty day simple moving average of GBX 0.02 and a 200-day simple moving average of GBX 0.02.

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. The company was formerly known as Sunrise Diamonds plc and changed its name to Sunrise Resources plc in May 2010.