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

Sunrise Resources plc (LON:SRES) shares traded down 15.8% during mid-day trading 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 traded 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 Performance

The stock’s 50 day moving average is GBX 0.02 and its two-hundred day moving average is GBX 0.03. The company has a debt-to-equity ratio of 12.48, a quick ratio of 3.18 and a current ratio of 0.71.

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

Insider Activity

In other Sunrise Resources news, insider James Cole bought 39,764,880 shares of Sunrise Resources stock in a transaction 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 ($1,032,719.91). Corporate insiders own 21.11% of the company’s stock.

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.