Sunrise Resources (LON:SRES) Trading Up 21.4% – Time to Buy?

Sunrise Resources plc (LON:SRESGet Free Report) shot up 21.4% during trading on Tuesday . The stock traded as high as GBX 0.04 and last traded at GBX 0.03. 12,028,569 shares were traded during mid-day trading, a decline of 32% from the average session volume of 17,595,826 shares. The stock had previously closed at GBX 0.03.

Sunrise Resources Price Performance

The firm has a market cap of £2.11 million, a PE ratio of -1.69 and a beta of 0.88. The firm’s fifty day simple moving average is GBX 0.03 and its two-hundred day simple moving average is GBX 0.02. 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 Company Profile

(Get Free Report)

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. The company was formerly known as Sunrise Diamonds plc and changed its name to Sunrise Resources plc in May 2010.

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