Sunrise Resources (LON:SRES) Shares Down 15.8% – Here’s What Happened

Sunrise Resources plc (LON:SRES) traded down 15.8% during trading on Monday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 20,132,318 shares changed hands during trading, an increase of 134% from the average session volume of 8,619,966 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Down 11.1 %

The firm’s fifty day moving average is GBX 0.02 and its 200 day moving average is GBX 0.03. 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:SRES) last issued its quarterly earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. On average, research analysts forecast that Sunrise Resources plc will post -2 EPS for the current year.

Insider Buying and Selling

In related news, insider James Cole bought 39,764,880 shares of the company’s stock in a transaction on 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). 21.11% of the stock is owned by insiders.

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.