Sunrise Resources (LON:SRES) Trading Down 6.7% – Here’s What Happened

Shares of Sunrise Resources plc (LON:SRES) traded down 6.7% during trading on Thursday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 14,000,000 shares were traded during mid-day trading, an increase of 33% from the average session volume of 10,536,010 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Price Performance

The stock has a 50-day moving average of GBX 0.02 and a 200 day moving average of GBX 0.02. The company has a quick ratio of 3.18, a current ratio of 0.71 and a debt-to-equity ratio of 12.48.

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. Equities analysts anticipate that Sunrise Resources plc will post -2 earnings per share for the current fiscal year.

Insider Activity at Sunrise Resources

In other Sunrise Resources news, insider James Cole acquired 39,764,880 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of GBX 2 ($0.03) per share, for a total transaction of £795,297.60 ($1,056,452.71). 21.11% of the stock is owned by 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.