Sunrise Resources (LON:SRES) Trading 40% Higher – What’s Next?

Sunrise Resources plc (LON:SRES)’s stock price traded up 40% during mid-day trading on Thursday . The company traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). 21,503,303 shares changed hands during mid-day 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 Up 40.0%

The company has a market cap of £2.73 million, a P/E ratio of -218.75 and a beta of 0.88. The company has a 50 day moving average of GBX 0.02 and a 200-day moving average of GBX 0.02. The company has a debt-to-equity ratio of 12.48, a current ratio of 0.71 and a quick ratio of 3.18.

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.