Sunrise Resources (LON:SRES) Stock Price Down 15.8% – Time to Sell?

Sunrise Resources plc (LON:SRES) dropped 15.8% during mid-day trading on Monday . 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 were traded during mid-day 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 firm’s 50 day simple moving average is GBX 0.02 and its 200 day simple moving average is GBX 0.03. 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:SRES) last posted its earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) EPS for the quarter. As a group, equities analysts expect that Sunrise Resources plc will post -2 earnings per share for the current fiscal year.

Insider Activity

In other Sunrise Resources news, insider James Cole bought 39,764,880 shares of Sunrise Resources stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of GBX 2 ($0.03) per share, for a total transaction of £795,297.60 ($1,028,180.48). Corporate insiders own 21.11% of the company’s stock.

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.