Sunrise Resources (LON:SRES) Shares Down 20.8% – Time to Sell?

Sunrise Resources plc (LON:SRES)’s share price fell 20.8% on Wednesday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 23,240,141 shares were traded during mid-day trading, an increase of 167% from the average session volume of 8,712,280 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Price Performance

The company’s 50-day simple moving average is GBX 0.03 and its 200-day simple moving average is GBX 0.04. 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 released its quarterly earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. On average, sell-side analysts anticipate that Sunrise Resources plc will post -2 EPS 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.