Sunrise Resources (LON:SRES) Trading 4% Higher – Should You Buy?

Sunrise Resources plc (LON:SRESGet Free Report)’s share price rose 4% during mid-day trading on Wednesday . The stock traded as high as GBX 0.03 and last traded at GBX 0.03. Approximately 2,015,575 shares were traded during trading, a decline of 85% from the average daily volume of 13,402,822 shares. The stock had previously closed at GBX 0.03.

Sunrise Resources Stock Up 20.0%

The business has a fifty day moving average of GBX 0.03 and a 200 day moving average of GBX 0.02. The stock has a market cap of £2.34 million, a price-to-earnings ratio of -1.88 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.

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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