Sunrise Resources (LON:SRES) Reaches New 12-Month Low – Time to Sell?

Sunrise Resources plc (LON:SRES)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00), with a volume of 15029806 shares traded. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Down 10.0 %

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 business has a 50-day moving average price of GBX 0.02 and a two-hundred day moving average price of GBX 0.03.

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

Insider Activity at Sunrise Resources

In other news, insider James Cole bought 39,764,880 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of GBX 2 ($0.03) per share, with a total value of £795,297.60 ($1,026,985.54). 21.11% of the stock is currently owned by corporate insiders.

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.