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

Sunrise Resources plc (LON:SRESGet Free Report) was up 40% during trading on Friday . The company traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 21,503,303 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 14,708,421 shares. The stock had previously closed at GBX 0.03 ($0.00).

Sunrise Resources Stock Down 13.3%

The company has a debt-to-equity ratio of 12.48, a current ratio of 0.71 and a quick ratio of 3.18. The business has a 50 day simple moving average of GBX 0.02 and a 200 day simple moving average of GBX 0.02. The stock has a market cap of £2.03 million, a PE ratio of -162.50 and a beta of 0.88.

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.

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