Sunrise Resources (LON:SRES) Trading Down 20.8% – Should You Sell?

Shares of Sunrise Resources plc (LON:SRESGet Free Report) traded down 20.8% during mid-day trading on Wednesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 23,240,141 shares traded hands during mid-day 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 Price Performance

The company has a quick ratio of 3.18, a current ratio of 0.71 and a debt-to-equity ratio of 12.48. The company’s 50 day moving average is GBX 0.03 and its 200-day moving average is GBX 0.04.

Sunrise Resources (LON:SRESGet Free Report) last released its quarterly earnings data on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. On average, sell-side analysts expect that Sunrise Resources plc will post -2 EPS for the current year.

Sunrise Resources Company Profile

(Get Free Report)

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.

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