Sunrise Resources (LON:SRES) Shares Up 40% – Time to Buy?

Sunrise Resources plc (LON:SRESGet Free Report)’s share price shot up 40% during mid-day trading on Friday . The company 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 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 Price Performance

The stock has a fifty day moving average of GBX 0.02 and a 200-day moving average of 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. The firm has a market capitalization of £2.03 million, a P/E ratio of -162.50 and a beta of 0.88.

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.

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