Sunrise Resources (LON:SRES) Stock Price Down 6.7% – Time to Sell?

Sunrise Resources plc (LON:SRES)’s share price dropped 6.7% on Thursday . The stock traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 14,000,000 shares changed hands during trading, an increase of 33% from the average daily volume of 10,536,010 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Down 6.7%

The company’s 50 day moving average price is GBX 0.02 and its two-hundred day moving average price 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 posted its quarterly earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share for the quarter. On average, sell-side analysts predict that Sunrise Resources plc will post -2 EPS for the current year.

Insider Buying and Selling

In other Sunrise Resources news, insider James Cole acquired 39,764,880 shares of Sunrise Resources stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,055,051.21). 21.11% of the stock is currently owned by insiders.

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.