Sunrise Resources (LON:SRES) Stock Price Down 16.7% – Here’s Why

Sunrise Resources plc (LON:SRES) shares dropped 16.7% on Thursday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 41,440,141 shares changed hands during mid-day 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 company has a debt-to-equity ratio of 12.48, a quick ratio of 3.18 and a current ratio of 0.71. The company’s 50-day moving average price is GBX 0.03 and its 200-day moving average price is GBX 0.04.

Sunrise Resources (LON:SRES) last announced its quarterly earnings results on Thursday, February 13th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. As a group, sell-side analysts forecast that Sunrise Resources plc will post -2 earnings per share 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.