Sunrise Resources (LON:SRES) Shares Down 10.7% – Here’s Why

Sunrise Resources plc (LON:SRES)’s stock price was down 10.7% during trading on Friday . The company traded as low as GBX 0.03 and last traded at GBX 0.03. Approximately 40,088,711 shares changed hands during mid-day trading, an increase of 91% from the average daily volume of 21,038,512 shares. The stock had previously closed at GBX 0.03.

Sunrise Resources Stock Performance

The stock’s 50-day simple moving average is GBX 0.03 and its 200 day simple 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. The company has a market capitalization of £1.95 million, a PE ratio of -4.17 and a beta of 0.88.

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. The company was formerly known as Sunrise Diamonds plc and changed its name to Sunrise Resources plc in May 2010.