Sunrise Resources (LON:SRES) Trading Down 28.6% – Here’s What Happened

Shares of Sunrise Resources plc (LON:SRES) were down 28.6% during trading on Friday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. Approximately 2,000,000 shares traded hands during trading, a decline of 92% from the average daily volume of 25,751,703 shares. The stock had previously closed at GBX 0.03.

Sunrise Resources Stock Down 10.7%

The stock has a fifty day moving average price of GBX 0.03 and a 200-day moving average price of GBX 0.03. The company has a debt-to-equity ratio of 12.48, a quick ratio of 3.18 and a current ratio of 0.71. The firm has a market cap of £1.95 million, a PE ratio of -1.56 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.