Sunrise Resources (LON:SRES) Shares Down 4.2% – Should You Sell?

Sunrise Resources plc (LON:SRES) dropped 4.2% during mid-day trading on Wednesday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 10,820,969 shares traded hands during mid-day trading, an increase of 29% from the average daily volume of 8,357,446 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Down 16.7 %

The company’s 50 day simple moving average is GBX 0.03 and its 200-day simple moving average is GBX 0.04. 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 (LON:SRES) last issued its quarterly earnings results on Thursday, February 13th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that Sunrise Resources plc will post -2 earnings per share for the current fiscal year.

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.