Sunrise Resources (LON:SRES) Shares Down 15.2% – Here’s What Happened

Sunrise Resources plc (LON:SRES) shares were down 15.2% on Friday . The stock traded as low as GBX 0.03 and last traded at GBX 0.03. Approximately 212,545 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 24,301,469 shares. The stock had previously closed at GBX 0.03.

Sunrise Resources Stock Down 15.2%

The firm has a market cap of £2.19 million, a P/E ratio of -4.67 and a beta of 0.88. The company’s 50-day simple moving average is GBX 0.03 and its 200 day simple moving average is GBX 0.03. The company has a debt-to-equity ratio of 12.48, a current ratio of 0.71 and a quick ratio of 3.18.

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.