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 stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 23,240,141 shares traded hands during mid-day 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 Price Performance

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

Sunrise Resources (LON:SRESGet Free Report) last released its quarterly earnings data on Monday, February 17th. The company reported GBX (0.02) ($0.00) EPS for the quarter. On average, sell-side analysts forecast 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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