Sunrise Resources (LON:SRES) Trading Down 15.8% – Here’s Why

Sunrise Resources plc (LON:SRES) shares traded 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). 20,132,318 shares traded hands during mid-day trading, an increase of 134% from the average session volume of 8,619,966 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Down 15.8 %

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

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

Insider Activity at Sunrise Resources

In other news, insider James Cole bought 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, for a total transaction of £795,297.60 ($1,027,516.28). 21.11% of the stock is currently owned by insiders.

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.