Sunrise Resources (LON:SRES) Trading Down 16.7% – Here’s What Happened

Sunrise Resources plc (LON:SRES)’s stock price dropped 16.7% on Thursday . The stock 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 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 current ratio of 0.71 and a quick ratio of 3.18. The business has a 50-day moving average of GBX 0.03 and a 200-day moving average of GBX 0.04.

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. On average, sell-side analysts anticipate that Sunrise Resources plc will post -2 earnings per share for the current fiscal year.

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.