Sunrise Resources (LON:SRES) Stock Price Up 52% – What’s Next?

Sunrise Resources plc (LON:SRES) was up 52% during mid-day trading on Tuesday . The stock traded as high as GBX 0.04 and last traded at GBX 0.04. Approximately 24,654,104 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 26,112,480 shares. The stock had previously closed at GBX 0.03.

Sunrise Resources Trading Up 21.2%

The company has a market cap of £3.12 million, a price-to-earnings ratio of -2.50 and a beta of 0.88. The business’s fifty day moving average price is GBX 0.03 and its 200 day moving average price is GBX 0.03. The company has a debt-to-equity ratio of 12.48, a current ratio of 0.71 and a quick ratio of 3.18.

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.