Sunrise Resources (LON:SRES) Stock Price Down 11.1% – What’s Next?

Sunrise Resources plc (LON:SRES) dropped 11.1% on Tuesday . The stock traded as low as GBX 0.01 and last traded at GBX 0.02. Approximately 1,988,769 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 16,117,211 shares. The stock had previously closed at GBX 0.02.

Sunrise Resources Stock Down 11.1%

The firm has a market cap of £1.50 million, a P/E ratio of -3.20 and a beta of 0.88. The company has a quick ratio of 3.17, a current ratio of 0.71 and a debt-to-equity ratio of 12.48. The firm has a fifty day moving average of GBX 0.02 and a 200-day moving average of GBX 0.03.

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.