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

Shares of Sunrise Resources plc (LON:SRES) traded down 15.8% during trading on Tuesday . The stock 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 mid-day 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 stock’s 50-day moving average is GBX 0.02 and its two-hundred day 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.

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

Insider Buying and Selling

In other Sunrise Resources news, insider James Cole purchased 39,764,880 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,032,719.91). 21.11% of the stock is 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.