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

Sunrise Resources plc (LON:SRES) shares dropped 15.8% during 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 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 Trading Down 15.8 %

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 stock has a 50-day simple moving average of GBX 0.02 and a two-hundred day simple moving average of GBX 0.03.

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

Insider Activity

In related news, insider James Cole acquired 39,764,880 shares of the firm’s stock in a transaction dated 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 owned by corporate 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.