Sunrise Resources (LON:SRES) Trading Down 15.8% – Time to Sell?

Shares of Sunrise Resources plc (LON:SRES) traded down 15.8% on Monday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 20,132,318 shares were traded during mid-day trading, an increase of 134% from the average session volume of 8,619,966 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Performance

The stock’s 50 day moving average is GBX 0.02 and its 200 day moving average is 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 posted its quarterly earnings data on Monday, February 17th. The company reported GBX (0.02) ($0.00) EPS for the quarter. As a group, equities research analysts expect that Sunrise Resources plc will post -2 earnings per share for the current year.

Insider Buying and Selling at Sunrise Resources

In other Sunrise Resources news, insider James Cole bought 39,764,880 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,032,719.91). 21.11% of the stock is owned by company insiders.

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.