Sunrise Resources (LON:SRES) Shares Down 16.7% – What’s Next?

Sunrise Resources plc (LON:SRES)’s share price traded down 16.7% during mid-day trading on Wednesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 41,440,141 shares traded hands during trading, an increase of 349% from the average session volume of 9,232,280 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Trading Down 16.7 %

The company has a current ratio of 0.71, a quick ratio of 3.18 and a debt-to-equity ratio of 12.48. The business’s 50 day moving average price is GBX 0.03 and its 200-day moving average price is GBX 0.04.

Sunrise Resources (LON:SRES) last announced its quarterly earnings results on Thursday, February 13th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. Equities analysts anticipate that Sunrise Resources plc will post -2 earnings per share for the current fiscal year.

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.