Sunrise Resources (LON:SRES) Sets New 1-Year Low – What’s Next?

Sunrise Resources plc (LON:SRES)’s stock price reached a new 52-week low on Monday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00), with a volume of 37002055 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Price Performance

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

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

Insider Buying and Selling

In other news, insider James Cole bought 39,764,880 shares of the company’s stock in a transaction dated 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 ($1,033,928.24). 21.11% of the stock is currently owned by corporate 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.