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

Shares of Sunrise Resources plc (LON:SRES) dropped 15.8% during trading on Monday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 20,132,318 shares were traded during mid-day trading, an increase of 134% from the average daily volume of 8,619,966 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Trading Down 15.8 %

The company has a quick ratio of 3.18, a current ratio of 0.71 and a debt-to-equity ratio of 12.48. The firm has a 50 day moving average of GBX 0.02 and a 200 day moving average of GBX 0.03.

Sunrise Resources (LON:SRES) last announced its quarterly earnings data on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share for the quarter. On average, analysts predict that Sunrise Resources plc will post -2 earnings per share for the current year.

Insider Buying and Selling

In other news, insider James Cole acquired 39,764,880 shares of Sunrise Resources stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,027,516.28). 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.