Sunrise Resources (LON:SRES) Trading Down 15.8% – Here’s Why

Sunrise Resources plc (LON:SRES)’s share price fell 15.8% on Monday . The company 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 Price Performance

The firm has a fifty day moving average of GBX 0.02 and a 200-day moving average of GBX 0.03. The company has a debt-to-equity ratio of 12.48, a current ratio of 0.71 and a quick ratio of 3.18.

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

Insider Buying and Selling at Sunrise Resources

In other news, insider James Cole acquired 39,764,880 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price 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 corporate 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.