Sunrise Resources (LON:SRES) Shares Down 16.7% – Here’s Why

Sunrise Resources plc (LON:SRES) dropped 16.7% during mid-day trading on Wednesday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 41,440,141 shares traded hands during mid-day trading, an increase of 349% from the average daily volume of 9,232,280 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Performance

The company has a quick ratio of 3.18, a current ratio of 0.71 and a debt-to-equity ratio of 12.48. The company’s 50 day simple moving average is GBX 0.03 and its 200-day simple moving average is GBX 0.04.

Sunrise Resources (LON:SRES) last posted its earnings results on Thursday, February 13th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. As a group, research analysts forecast that Sunrise Resources plc will post -2 EPS for the current fiscal year.

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.