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Sunrise Resources' stock plunges 16.7% as it reports low earnings and high debt ratio.
Sunrise Resources' stock price dropped by 16.7% on Wednesday, reaching GBX 0.02, with trading volume up 349% from the daily average.
The company, which explores and develops mineral projects in the US and Western Australia, reported quarterly earnings of GBX 0.02 per share and has a debt-to-equity ratio of 12.48.
Analysts predict a -2 earnings per share for the current year.
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Las acciones de Sunrise Resources se hunden en un 16,7%, ya que reporta bajos ingresos y alto ratio de deuda.