Sunrise Resources (LON:SRES) Trading Down 10.7% – Time to Sell?

Sunrise Resources plc (LON:SRES)’s stock price dropped 10.7% during mid-day trading on Thursday . The company traded as low as GBX 0.03 and last traded at GBX 0.03. Approximately 847,817 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 20,603,111 shares. The stock had previously closed at GBX 0.03.

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 stock’s 50-day moving average is GBX 0.03 and its 200-day moving average is GBX 0.03. The company has a market cap of £1.95 million, a price-to-earnings ratio of -4.17 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.