Sunrise Resources (LON:SRES) Trading Down 10% – Should You Sell?

Sunrise Resources plc (LON:SRESGet Free Report) shares were down 10% on Tuesday . The stock traded as low as GBX 0.02 and last traded at GBX 0.02. 166,172,734 shares were traded during mid-day trading, an increase of 566% from the average daily volume of 24,952,385 shares. The stock had previously closed at GBX 0.02.

Sunrise Resources Stock Performance

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’s 50 day moving average is GBX 0.02 and its 200 day moving average is GBX 0.02. The stock has a market capitalization of £1.69 million, a PE ratio of -3.60 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.

Further Reading

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