Sunrise Resources (LON:SRES) Shares Up 40% – What’s Next?

Sunrise Resources plc (LON:SRES) shot up 40% on Thursday . The stock traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). 21,503,303 shares traded hands during trading, an increase of 46% from the average session volume of 14,708,421 shares. The stock had previously closed at GBX 0.03 ($0.00).

Sunrise Resources Stock Performance

The company has a current ratio of 0.71, a quick ratio of 3.18 and a debt-to-equity ratio of 12.48. The stock has a market capitalization of £2.73 million, a PE ratio of -218.75 and a beta of 0.88. The firm’s 50-day simple moving average is GBX 0.02 and its two-hundred day simple moving average is GBX 0.02.

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.