Sunrise Resources (LON:SRES) Hits New 1-Year Low – Here’s Why

Shares of Sunrise Resources plc (LON:SRES) reached a new 52-week low on Monday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00), with a volume of 37002055 shares trading hands. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Down 5.0 %

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 stock’s 50 day moving average is GBX 0.02 and its two-hundred day moving average is GBX 0.03.

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

Insider Buying and Selling at Sunrise Resources

In other Sunrise Resources news, insider James Cole acquired 39,764,880 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,028,047.57). 21.11% of the stock is owned by insiders.

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.