Sunrise Resources (LON:SRES) Stock Price Down 15.8% – Here’s What Happened

Sunrise Resources plc (LON:SRES)’s stock price was down 15.8% during mid-day trading on Monday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 20,132,318 shares changed hands during mid-day 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 Stock Down 15.8 %

The company has a debt-to-equity ratio of 12.48, a current ratio of 0.71 and a quick ratio of 3.18. The stock 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 released its quarterly earnings data on Monday, February 17th. The company reported GBX (0.02) ($0.00) EPS for the quarter. As a group, equities research analysts anticipate 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 purchased 39,764,880 shares of Sunrise Resources stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost 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 owned by company 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.