Sunrise Resources (LON:SRES) Stock Price Up 8.1% – Here’s Why

Sunrise Resources plc (LON:SRESGet Free Report) shot up 8.1% during mid-day trading on Monday . The stock traded as high as GBX 0.04 and last traded at GBX 0.04. 10,285,256 shares traded hands during trading, a decline of 60% from the average session volume of 25,637,418 shares. The stock had previously closed at GBX 0.04.

Sunrise Resources Stock Performance

The company has a market cap of £3.12 million, a price-to-earnings ratio of -6.67 and a beta of 0.88. The stock’s fifty day simple moving average is GBX 0.03 and its 200 day simple moving average is GBX 0.03. The company has a current ratio of 0.71, a quick ratio of 3.18 and a debt-to-equity ratio of 12.48.

About Sunrise Resources

(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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