Sunrise Resources (LON:SRES) Stock Price Down 6.3% – Here’s What Happened

Sunrise Resources plc (LON:SRES) shares were down 6.3% on Wednesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 3,362,024 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 8,678,168 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Down 6.3 %

The firm has a 50 day moving average of GBX 0.02 and a two-hundred day moving average of GBX 0.03. The company has a quick ratio of 3.18, a current ratio of 0.71 and a debt-to-equity ratio of 12.48.

Sunrise Resources (LON:SRES) last announced its earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. On average, equities research analysts expect that Sunrise Resources plc will post -2 EPS for the current fiscal year.

Insider Buying and Selling at Sunrise Resources

In other news, insider James Cole bought 39,764,880 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of GBX 2 ($0.03) per share, for a total transaction of £795,297.60 ($1,055,191.19). 21.11% of the stock is owned by insiders.

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.