Sunrise Resources (LON:SRES) Shares Down 15.2% – What’s Next?

Shares of Sunrise Resources plc (LON:SRES) were down 15.2% during mid-day trading on Friday . The stock traded as low as GBX 0.03 and last traded at GBX 0.03. Approximately 212,545 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 24,301,469 shares. The stock had previously closed at GBX 0.03.

Sunrise Resources Trading Down 18.2%

The company has a 50 day simple moving average of GBX 0.03 and a 200 day simple moving average of GBX 0.03. The company has a current ratio of 0.71, a quick ratio of 3.18 and a debt-to-equity ratio of 12.48. The stock has a market capitalization of £2.11 million, a PE ratio of -4.50 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.