Sunrise Resources (LON:SRES) Stock Price Down 15.8% – What’s Next?

Sunrise Resources plc (LON:SRES) shares fell 15.8% during mid-day trading on Tuesday . 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 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 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 company’s 50 day moving average price is GBX 0.02 and its 200 day moving average price is GBX 0.03.

Sunrise Resources (LON:SRES) last released its earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. Equities research analysts anticipate that Sunrise Resources plc will post -2 earnings per share for the current year.

Insider Buying and Selling

In other news, insider James Cole bought 39,764,880 shares of Sunrise Resources stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased 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 currently owned by insiders.

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.