Sunrise Resources (LON:SRES) Trading Down 11.1% – Here’s Why

Sunrise Resources plc (LON:SRESGet Free Report)’s share price traded down 11.1% on Tuesday . The stock traded as low as GBX 0.01 and last traded at GBX 0.02. 1,988,769 shares were traded during trading, a decline of 88% from the average daily volume of 16,117,211 shares. The stock had previously closed at GBX 0.02.

Sunrise Resources Price Performance

The firm has a market capitalization of £1.50 million, a price-to-earnings ratio of -3.20 and a beta of 0.88. The company’s 50 day moving average is GBX 0.02 and its 200-day moving average is GBX 0.03. The company has a current ratio of 0.71, a quick ratio of 3.17 and a debt-to-equity ratio of 12.48.

About Sunrise Resources

(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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