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

Sunrise Resources plc (LON:SRES)’s share price traded down 6.7% during trading on Wednesday . 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 Price Performance

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 200 day moving average of GBX 0.03.

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

Insider Buying and Selling

In related news, insider James Cole bought 39,764,880 shares of the firm’s stock in a transaction 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 ($1,058,421.08). 21.11% of the stock is currently owned by company 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.