Sunrise Resources (LON:SRES) Shares Down 13.3% – Here’s Why

Sunrise Resources plc (LON:SRES)’s share price traded down 13.3% during trading on Thursday . The stock traded as low as GBX 0.01 and last traded at GBX 0.01. Approximately 186,035,094 shares changed hands during trading, an increase of 914% from the average session volume of 18,340,385 shares. The stock had previously closed at GBX 0.01.

Sunrise Resources Trading Down 13.3%

The company has a debt-to-equity ratio of 12.48, a current ratio of 0.71 and a quick ratio of 3.17. The company has a fifty day moving average of GBX 0.02 and a 200-day moving average of GBX 0.03. The firm has a market capitalization of £1.22 million, a PE ratio of -2.60 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.