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

Sunrise Resources plc (LON:SRES)’s share price fell 15.8% during trading on Monday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 20,001,059 shares were traded during mid-day trading, an increase of 132% from the average session volume of 8,617,813 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Performance

The firm has a fifty day moving average price of GBX 0.02 and a 200 day moving average price 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. As a group, equities analysts predict that Sunrise Resources plc will post -2 EPS for the current year.

Insider Transactions at Sunrise Resources

In other news, insider James Cole purchased 39,764,880 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of GBX 2 ($0.03) per share, for a total transaction of £795,297.60 ($1,028,180.48). 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.