Sunrise Resources (LON:SRES) Stock Passes Below 200-Day Moving Average – What’s Next?

Shares of Sunrise Resources plc (LON:SRES) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.03 and traded as low as GBX 0.03. Sunrise Resources shares last traded at GBX 0.03, with a volume of 15,648,482 shares.

Sunrise Resources Stock Down 10.7%

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 company has a market cap of £1.95 million, a P/E ratio of -4.17 and a beta of 0.88. The firm’s 50 day moving average price is GBX 0.03 and its 200-day moving average price is GBX 0.03.

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.