Sunrise Resources (LON:SRES) Shares Down 15.8% – Should You Sell?

Sunrise Resources plc (LON:SRES) shares were down 15.8% during trading on Tuesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 20,132,318 shares traded hands during trading, an increase of 134% from the average daily volume of 8,619,966 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Performance

The business has a fifty day simple moving average of GBX 0.02 and a two-hundred day simple moving average of GBX 0.03. The company has a debt-to-equity ratio of 12.48, a quick ratio of 3.18 and a current ratio of 0.71.

Sunrise Resources (LON:SRES) last announced its quarterly earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) EPS for the quarter. On average, sell-side analysts predict that Sunrise Resources plc will post -2 EPS for the current year.

Insider Buying and Selling

In other Sunrise Resources news, insider James Cole purchased 39,764,880 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of GBX 2 ($0.03) per share, for a total transaction of £795,297.60 ($1,032,719.91). 21.11% of the stock is currently owned by corporate 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.