Sunrise Resources (LON:SRES) Stock Price Down 15.8% – Should You Sell?

Sunrise Resources plc (LON:SRES) shares were down 15.8% during mid-day trading on Monday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 20,132,318 shares traded hands during trading, an increase of 134% from the average daily volume of 8,619,966 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Trading Down 15.8 %

The stock has a 50 day moving average of GBX 0.02 and a 200 day moving average of GBX 0.03. The company has a quick ratio of 3.18, a current ratio of 0.71 and a debt-to-equity ratio of 12.48.

Sunrise Resources (LON:SRES) last posted its quarterly earnings data on Monday, February 17th. The company reported GBX (0.02) ($0.00) EPS for the quarter. Equities analysts predict that Sunrise Resources plc will post -2 earnings per share for the current fiscal year.

Insider Transactions at Sunrise Resources

In related news, insider James Cole acquired 39,764,880 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,027,516.28). Insiders own 21.11% of the company’s stock.

About Sunrise Resources

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.