Sunrise Resources (LON:SRES) Hits New 1-Year Low – Time to Sell?

Sunrise Resources plc (LON:SRES)’s share price reached a new 52-week low on Friday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00), with a volume of 12121212 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Performance

The firm has a 50-day simple moving average of GBX 0.02 and a 200-day simple moving average of GBX 0.03. The company has a current ratio of 0.71, a quick ratio of 3.18 and a debt-to-equity ratio of 12.48.

Sunrise Resources (LON:SRES) last announced its quarterly earnings data on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that Sunrise Resources plc will post -2 EPS for the current year.

Insider Activity at Sunrise Resources

In related news, insider James Cole bought 39,764,880 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,025,528.82). Company insiders own 21.11% of the company’s stock.

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.