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

Sunrise Resources plc (LON:SRES) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.03 and traded as low as GBX 0.02. Sunrise Resources shares last traded at GBX 0.02, with a volume of 1,798,812 shares trading hands.

Sunrise Resources Stock Down 8.7%

The firm has a market capitalization of £1.64 million, a P/E ratio of -3.50 and a beta of 0.88. The firm’s 50-day moving average is GBX 0.03 and its 200 day moving average is 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.

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.