Sunrise Resources (LON:SRES) Stock Price Down 6.7% – Time to Sell?

Shares of Sunrise Resources plc (LON:SRES) were down 6.7% during mid-day trading on Thursday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 14,000,000 shares changed hands during trading, an increase of 33% from the average daily volume of 10,536,010 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Performance

The business has a 50-day moving average price of GBX 0.02 and a 200-day moving average price 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.

Sunrise Resources (LON:SRES) last issued its quarterly earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. On average, analysts predict that Sunrise Resources plc will post -2 earnings per share for the current year.

Insider Buying and Selling at Sunrise Resources

In other news, insider James Cole bought 39,764,880 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,055,051.21). 21.11% of the stock is owned by corporate insiders.

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.