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

Sunrise Resources plc (LON:SRES) shares fell 15.8% on Monday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 20,132,318 shares changed hands during 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 Performance

The stock’s fifty day moving average price is GBX 0.02 and its 200-day moving average price is 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 issued its quarterly earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. On average, analysts predict that Sunrise Resources plc will post -2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider James Cole bought 39,764,880 shares of the firm’s 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, with a total value of £795,297.60 ($1,027,516.28). 21.11% of the stock is currently 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.