Sunrise Resources (LON:SRES) Reaches New 1-Year Low – Here’s Why

Sunrise Resources plc (LON:SRESGet Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 0.01 and last traded at GBX 0.02, with a volume of 23655508 shares trading hands. The stock had previously closed at GBX 0.02.

Sunrise Resources Trading Down 10.5%

The company has a debt-to-equity ratio of 12.48, a current ratio of 0.71 and a quick ratio of 3.17. The company has a market cap of £1.59 million, a price-to-earnings ratio of -3.40 and a beta of 0.88. The business’s 50-day simple moving average is GBX 0.02 and its 200-day simple moving average is GBX 0.03.

Sunrise Resources Company Profile

(Get Free Report)

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. The company was formerly known as Sunrise Diamonds plc and changed its name to Sunrise Resources plc in May 2010.

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