Sunrise Resources (LON:SRES) Shares Down 16.7% – Should You Sell?

Sunrise Resources plc (LON:SRES) was down 16.7% during mid-day trading on Wednesday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 41,440,141 shares traded hands during mid-day trading, an increase of 349% from the average daily volume of 9,232,280 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Down 16.7 %

The company has a debt-to-equity ratio of 12.48, a current ratio of 0.71 and a quick ratio of 3.18. The company’s 50-day simple moving average is GBX 0.03 and its 200-day simple moving average is GBX 0.04.

Sunrise Resources (LON:SRES) last posted its quarterly earnings data on Thursday, February 13th. The company reported GBX (0.02) ($0.00) earnings per share for the quarter. As a group, research analysts expect that Sunrise Resources plc will post -2 earnings per share for the current 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.