Sunrise Resources (LON:SRES) Shares Up 8.7% – Here’s Why

Sunrise Resources plc (LON:SRESGet Free Report)’s stock price shot up 8.7% during trading on Thursday . The company traded as high as GBX 0.03 and last traded at GBX 0.03. 2,784,531 shares were traded during mid-day trading, a decline of 84% from the average session volume of 17,090,076 shares. The stock had previously closed at GBX 0.02.

Sunrise Resources Stock Down 8.7%

The business’s 50 day moving average is GBX 0.02 and its 200 day moving average is GBX 0.03. 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 market cap of £1.83 million, a P/E ratio of -3.50 and a beta of 0.88.

Sunrise Resources Company Profile

(Get Free Report)

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.

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