Sunrise Resources (LON:SRES) Stock Price Down 6.3% – Should You Sell?

Shares of Sunrise Resources plc (LON:SRES) traded down 6.3% on Wednesday . The company traded as low as GBX 0.01 and last traded at GBX 0.01. Approximately 1,997,916 shares were traded during trading, a decline of 88% from the average daily volume of 16,435,684 shares. The stock had previously closed at GBX 0.02.

Sunrise Resources Trading Down 7.1%

The company has a debt-to-equity ratio of 12.48, a current ratio of 0.71 and a quick ratio of 3.17. The firm has a fifty day simple moving average of GBX 0.02 and a 200-day simple moving average of GBX 0.03. The firm has a market cap of £1.22 million, a P/E ratio of -2.60 and a beta of 0.88.

Sunrise Resources Company Profile

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.