Sunrise Resources (LON:SRES) Shares Down 16.7% – Time to Sell?

Sunrise Resources plc (LON:SRES)’s stock price fell 16.7% on Wednesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 41,440,141 shares changed hands during trading, an increase of 349% from the average session volume of 9,232,280 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Price Performance

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

Sunrise Resources (LON:SRES) last released its quarterly earnings data on Thursday, February 13th. The company reported GBX (0.02) ($0.00) EPS for the quarter. On average, equities research analysts anticipate 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.