Sunrise Resources (LON:SRES) Shares Down 11.1% – Here’s Why

Sunrise Resources plc (LON:SRESGet Free Report) dropped 11.1% on Tuesday . The stock traded as low as GBX 0.01 and last traded at GBX 0.02. 1,988,769 shares traded hands during trading, a decline of 88% from the average session volume of 16,117,211 shares. The stock had previously closed at GBX 0.02.

Sunrise Resources Stock Performance

The stock has a fifty day simple moving average of GBX 0.02 and a two-hundred day simple moving average of GBX 0.03. The company has a debt-to-equity ratio of 12.48, a quick ratio of 3.17 and a current ratio of 0.71. The stock has a market cap of £1.59 million, a price-to-earnings ratio of -3.40 and a beta of 0.88.

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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