Sunrise Resources (LON:SRES) Shares Down 20% – Time to Sell?

Sunrise Resources plc (LON:SRESGet Free Report) traded down 20% during mid-day trading on Monday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. 23,160,824 shares changed hands during trading, an increase of 72% from the average session volume of 13,443,605 shares. The stock had previously closed at GBX 0.03.

Sunrise Resources Trading Down 20.0%

The firm has a market cap of £1.56 million, a P/E ratio of -1.25 and a beta of 0.88. 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 stock has a 50 day moving average of GBX 0.03 and a 200 day moving average of GBX 0.02.

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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