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

Sunrise Resources plc (LON:SRESGet Free Report)’s share price dropped 16.7% during trading on Wednesday . The company 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 Price Performance

The stock’s 50 day moving average price is GBX 0.03 and its 200 day moving average price is GBX 0.04. 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:SRESGet Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported GBX (0.02) ($0.00) EPS for the quarter. On average, sell-side analysts expect that Sunrise Resources plc will post -2 earnings per share for the current fiscal year.

About Sunrise Resources

(Get Free Report)

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.

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