Sunrise Resources (LON:SRES) Stock Price Down 6.3% – Here’s Why

Shares of Sunrise Resources plc (LON:SRES) traded down 6.3% during trading on Wednesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 3,362,024 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 8,678,168 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Trading Down 12.5 %

The company has a debt-to-equity ratio of 12.48, a quick ratio of 3.18 and a current ratio of 0.71. The firm’s 50 day moving average price is GBX 0.02 and its two-hundred day moving average price is GBX 0.03.

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

Insider Buying and Selling at Sunrise Resources

In other news, insider James Cole acquired 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 ($1,052,537.85). Corporate 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.