Sunrise Resources (LON:SRES) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Sunrise Resources plc (LON:SRES) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 0.03 and traded as high as GBX 0.03. Sunrise Resources shares last traded at GBX 0.03, with a volume of 33,125,773 shares traded.

Sunrise Resources Trading Up 20.0%

The company has a market capitalization of £2.34 million, a PE ratio of -1.88 and a beta of 0.88. The company’s fifty day moving average is GBX 0.03 and its 200-day moving average is GBX 0.02. The company has a debt-to-equity ratio of 12.48, a current ratio of 0.71 and a quick ratio of 3.18.

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.