Sunrise Resources (LON:SRES) Reaches New 12-Month Low – Should You Sell?

Sunrise Resources plc (LON:SRES)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00), with a volume of 1000 shares traded. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Performance

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 stock has a 50 day simple moving average of GBX 0.02 and a 200 day simple moving average of GBX 0.04.

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

Insider Activity

In other news, insider James Cole purchased 39,764,880 shares of Sunrise Resources stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,030,178.24). Insiders own 21.11% of the company’s stock.

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.