Sunrise Resources (LON:SRES) Stock Price Down 20.8% – Time to Sell?

Shares of Sunrise Resources plc (LON:SRES) traded down 20.8% on Wednesday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 23,240,141 shares changed hands during trading, an increase of 167% from the average session volume of 8,712,280 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Down 16.7 %

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’s 50-day moving average is GBX 0.03 and its 200 day moving average is GBX 0.04.

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 for the quarter. Analysts expect that Sunrise Resources plc will post -2 EPS for the current fiscal year.

About Sunrise Resources

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.