Sunrise Resources (LON:SRES) Stock Price Up 7.1% – Should You Buy?

Sunrise Resources plc (LON:SRES) shares were up 7.1% during trading on Monday . The company traded as high as GBX 0.03 and last traded at GBX 0.03. Approximately 3,517,931 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 28,309,891 shares. The stock had previously closed at GBX 0.03.

Sunrise Resources Stock Performance

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 company has a 50 day simple moving average of GBX 0.03 and a 200-day simple moving average of GBX 0.02. The stock has a market cap of £2.34 million, a P/E ratio of -1.88 and a beta of 0.88.

Sunrise Resources Company Profile

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.