Sunrise Resources (LON:SRES) Trading Down 16.7% – Here’s Why

Sunrise Resources plc (LON:SRES)’s stock price was down 16.7% on Thursday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 41,440,141 shares changed hands during trading, an increase of 349% from the average daily volume of 9,232,280 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Performance

The business has a 50-day moving average price of GBX 0.03 and a 200-day moving average price of GBX 0.04. 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 results on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. As a group, research analysts predict that Sunrise Resources plc will post -2 earnings per share for the current year.

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.