Sunrise Resources (LON:SRES) Trading Up 4% – Here’s Why

Sunrise Resources plc (LON:SRESGet Free Report) rose 4% on Wednesday . The company traded as high as GBX 0.03 and last traded at GBX 0.03. Approximately 2,015,575 shares changed hands during trading, a decline of 85% from the average daily volume of 13,402,822 shares. The stock had previously closed at GBX 0.03.

Sunrise Resources Stock Up 20.0%

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 firm’s fifty day simple moving average is GBX 0.03 and its 200 day simple moving average is GBX 0.02. The stock has a market capitalization of £2.34 million, a price-to-earnings ratio of -1.88 and a beta of 0.88.

Sunrise Resources Company Profile

(Get Free Report)

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. The company was formerly known as Sunrise Diamonds plc and changed its name to Sunrise Resources plc in May 2010.

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