Sunrise Resources (LON:SRES) Stock Price Down 15.8% – Here’s What Happened

Sunrise Resources plc (LON:SRES)’s stock price fell 15.8% during mid-day trading on Monday . The stock 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 business’s 50 day moving average price is GBX 0.02 and its 200-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 data on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share for the quarter. Equities research analysts predict that Sunrise Resources plc will post -2 EPS for the current fiscal year.

Insider Transactions at Sunrise Resources

In other news, insider James Cole acquired 39,764,880 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of GBX 2 ($0.03) per share, for a total transaction of £795,297.60 ($1,028,180.48). Corporate 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.