Sunrise Resources (LON:SRES) Shares Up 22.2% – Still a Buy?

Sunrise Resources plc (LON:SRESGet Free Report) shot up 22.2% during mid-day trading on Friday . The stock traded as high as GBX 0.03 and last traded at GBX 0.03. 7,937,060 shares changed hands during trading, a decline of 45% from the average session volume of 14,521,229 shares. The stock had previously closed at GBX 0.03.

Sunrise Resources Stock Up 18.5%

The firm has a market capitalization of £2.50 million, a price-to-earnings ratio of -2.00 and a beta of 0.88. The company has a debt-to-equity ratio of 12.48, a quick ratio of 3.18 and a current ratio of 0.71. The firm has a fifty day moving average price of GBX 0.03 and a 200 day moving average price of GBX 0.02.

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.

Further Reading

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