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

Sunrise Resources plc (LON:SRES) traded down 15.8% 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 changed hands 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 Down 11.1 %

The business has a 50 day moving average of GBX 0.02 and a 200 day moving average of GBX 0.03. 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 issued its earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. Sell-side analysts anticipate that Sunrise Resources plc will post -2 EPS for the current fiscal year.

Insider Activity at Sunrise Resources

In other news, insider James Cole purchased 39,764,880 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of GBX 2 ($0.03) per share, for a total transaction of £795,297.60 ($1,028,180.48). 21.11% of the stock is currently 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.