Sunrise Resources (LON:SRES) Stock Price Down 20.8% – Time to Sell?

Shares of Sunrise Resources plc (LON:SRES) dropped 20.8% 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 23,240,141 shares were traded during trading, an increase of 167% from the average daily volume of 8,712,280 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Trading Down 16.7 %

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 stock’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 announced its earnings results on Thursday, February 13th. The company reported GBX (0.02) ($0.00) EPS for the quarter. Research analysts predict that Sunrise Resources plc will post -2 earnings per share for the current fiscal year.

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.