Sunrise Resources (LON:SRES) Shares Down 15.8% – Here’s Why

Sunrise Resources plc (LON:SRES) dropped 15.8% during mid-day trading on Monday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 20,132,318 shares changed hands during mid-day trading, an increase of 134% from the average daily volume of 8,619,966 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Trading Down 11.1 %

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

Sunrise Resources (LON:SRES) last released its earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) EPS for the quarter. Equities analysts anticipate that Sunrise Resources plc will post -2 EPS for the current fiscal year.

Insider Transactions at Sunrise Resources

In related news, insider James Cole acquired 39,764,880 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,032,719.91). Company insiders own 21.11% of the company’s stock.

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.