Sunrise Resources (LON:SRES) Trading Down 15.8% – What’s Next?

Sunrise Resources plc (LON:SRES)’s share price dropped 15.8% during 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 traded hands during 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 Down 15.8 %

The firm has a 50-day moving average of GBX 0.02 and a two-hundred day moving average of GBX 0.03. The company has a current ratio of 0.71, a quick ratio of 3.18 and a debt-to-equity ratio of 12.48.

Sunrise Resources (LON:SRES) last issued its quarterly earnings data on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. On average, research analysts expect that Sunrise Resources plc will post -2 earnings per share for the current fiscal year.

Insider Activity at Sunrise Resources

In other news, insider James Cole bought 39,764,880 shares of the stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,027,516.28). 21.11% of the stock is currently owned by company 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.