Sunrise Resources (LON:SRES) Reaches New 52-Week Low – What’s Next?

Sunrise Resources plc (LON:SRES) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 0.01 and last traded at GBX 0.02, with a volume of 23655508 shares. The stock had previously closed at GBX 0.02.

Sunrise Resources Trading Down 10.5%

The business has a 50-day moving average of GBX 0.02 and a 200-day moving average of GBX 0.03. The stock has a market capitalization of £1.59 million, a price-to-earnings ratio of -3.40 and a beta of 0.88. The company has a debt-to-equity ratio of 12.48, a quick ratio of 3.17 and a current ratio of 0.71.

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