Sunrise Resources (LON:SRES) Shares Down 20.8% – Here’s Why

Sunrise Resources plc (LON:SRES) shares were down 20.8% during trading on Wednesday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 23,240,141 shares were traded during trading, an increase of 167% from the average daily volume of 8,712,280 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Price Performance

The firm’s fifty day simple moving average is GBX 0.03 and its 200 day simple moving average is GBX 0.04. The company has a current ratio of 0.71, a quick ratio of 3.18 and a debt-to-equity ratio of 12.48.

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