Sunrise Resources (LON:SRES) Reaches New 12-Month Low – Should You Sell?

Sunrise Resources plc (LON:SRES) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00), with a volume of 1000 shares trading hands. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Down 5.0 %

The business has a 50-day moving average of GBX 0.02 and a 200 day moving average of 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 announced its quarterly earnings data on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. Equities analysts expect that Sunrise Resources plc will post -2 EPS for the current year.

Insiders Place Their Bets

In other Sunrise Resources news, insider James Cole purchased 39,764,880 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,030,178.24). 21.11% of the stock is owned by corporate insiders.

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.