Sunrise Resources (LON:SRES) Shares Down 13.3% – Here’s Why

Sunrise Resources plc (LON:SRES)’s stock price traded down 13.3% on Thursday . The stock traded as low as GBX 0.01 and last traded at GBX 0.01. Approximately 186,035,094 shares were traded during trading, an increase of 914% from the average session volume of 18,340,385 shares. The stock had previously closed at GBX 0.01.

Sunrise Resources Stock Down 13.3%

The company has a market cap of £1.22 million, a price-to-earnings ratio of -2.60 and a beta of 0.88. The company has a current ratio of 0.71, a quick ratio of 3.17 and a debt-to-equity ratio of 12.48. The business has a fifty day moving average price of GBX 0.02 and a two-hundred day moving average price of GBX 0.03.

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.