Sunrise Resources (LON:SRES) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Sunrise Resources plc (LON:SRES) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 0.03 and traded as low as GBX 0.03. Sunrise Resources shares last traded at GBX 0.04, with a volume of 3,492,643 shares trading hands.

Sunrise Resources Trading Up 33.3%

The business’s 50-day moving average price is GBX 0.03 and its two-hundred day moving average price is GBX 0.03. 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 firm has a market cap of £3.12 million, a price-to-earnings ratio of -2.50 and a beta of 0.88.

About Sunrise Resources

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.