Sunrise Resources (LON:SRES) Reaches New 12-Month Low – Here’s What Happened

Sunrise Resources plc (LON:SRES) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00), with a volume of 37002055 shares changing hands. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Trading Down 5.0 %

The business has a 50 day moving average price of GBX 0.02 and a 200 day moving average price of GBX 0.03. The company has a quick ratio of 3.18, a current ratio of 0.71 and a debt-to-equity ratio of 12.48.

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

Insider Activity

In related news, insider James Cole purchased 39,764,880 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of GBX 2 ($0.03) per share, for a total transaction of £795,297.60 ($1,028,047.57). Insiders own 21.11% of the company’s stock.

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.