Sunrise Resources (LON:SRES) Stock Price Down 10.7% – Here’s What Happened

Sunrise Resources plc (LON:SRES)’s share price fell 10.7% on Friday . The stock traded as low as GBX 0.03 and last traded at GBX 0.03. 40,088,711 shares changed hands during mid-day trading, an increase of 91% from the average session volume of 21,038,512 shares. The stock had previously closed at GBX 0.03.

Sunrise Resources Price Performance

The company has a market cap of £1.95 million, a price-to-earnings ratio of -4.17 and a beta of 0.88. The company has a quick ratio of 3.18, a current ratio of 0.71 and a debt-to-equity ratio of 12.48. The company has a fifty day simple moving average of GBX 0.03 and a two-hundred day simple moving average of 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.