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

Sunrise Resources plc (LON:SRES) shares dropped 16.7% during mid-day trading on Thursday . 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 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 Price Performance

The business has a 50-day moving average price of GBX 0.03 and a 200 day moving average price of GBX 0.04. The company has a current ratio of 0.71, a quick ratio of 3.18 and a debt-to-equity ratio of 12.48.

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

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.