Sunrise Resources (LON:SRES) Sets New 52-Week Low – Should You Sell?

Shares of Sunrise Resources plc (LON:SRES) reached a new 52-week low 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 15029806 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Performance

The business has a fifty day moving average of GBX 0.02 and a two-hundred day moving average of 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 released its quarterly earnings data on Monday, February 17th. The company reported GBX (0.02) ($0.00) EPS for the quarter. Equities analysts forecast that Sunrise Resources plc will post -2 EPS for the current year.

Insiders Place Their Bets

In other news, insider James Cole acquired 39,764,880 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,029,644.74). Company 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.