Sunrise Resources (LON:SRES) Shares Down 20% – Here’s What Happened

Sunrise Resources plc (LON:SRES) was down 20% during trading on Monday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. Approximately 23,160,824 shares traded hands during trading, an increase of 72% from the average daily volume of 13,443,605 shares. The stock had previously closed at GBX 0.03.

Sunrise Resources Trading Up 4.0%

The company has a fifty day moving average of GBX 0.03 and a two-hundred day moving average of GBX 0.02. The company has a current ratio of 0.71, a quick ratio of 3.18 and a debt-to-equity ratio of 12.48. The stock has a market capitalization of £2.03 million, a price-to-earnings ratio of -1.63 and a beta of 0.88.

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