Sunrise Resources (LON:SRES) Stock Price Down 6.7% – Should You Sell?

Shares of Sunrise Resources plc (LON:SRES) fell 6.7% on Thursday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 14,000,000 shares traded hands during trading, an increase of 33% from the average session volume of 10,536,010 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Trading Down 6.7%

The company has a debt-to-equity ratio of 12.48, a quick ratio of 3.18 and a current ratio of 0.71. The business has a fifty day moving average of GBX 0.02 and a two-hundred day moving average of GBX 0.03.

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

Insider Buying and Selling at Sunrise Resources

In other Sunrise Resources news, insider James Cole acquired 39,764,880 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of GBX 2 ($0.03) per share, for a total transaction of £795,297.60 ($1,055,051.21). 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.