Sunrise Resources (LON:SRES) Stock Price Down 15.8% – Should You Sell?

Sunrise Resources plc (LON:SRES) fell 15.8% on Monday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 20,132,318 shares traded hands during 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 Stock Down 15.8 %

The stock has a 50-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 current ratio of 0.71 and a quick ratio of 3.18.

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

Insiders Place Their Bets

In related news, insider James Cole purchased 39,764,880 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,027,516.28). 21.11% of the stock is currently owned by insiders.

About Sunrise Resources

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.