Sunrise Resources (LON:SRES) Shares Down 20.8% – Here’s Why

Sunrise Resources plc (LON:SRESGet Free Report)’s share price was down 20.8% on Wednesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 23,240,141 shares changed hands during trading, an increase of 167% from the average daily volume of 8,712,280 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Performance

The business’s fifty day moving average price is GBX 0.03 and its two-hundred day moving average price is GBX 0.04. 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:SRESGet Free Report) last released its quarterly earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share for the quarter. On average, research analysts expect that Sunrise Resources plc will post -2 EPS for the current year.

About Sunrise Resources

(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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