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Sunrise Resources
(LSE:SRES)
Sunrise Resources (SRES) vs. S&P 500 (SPY)
Sunrise Resources Business Overview & Revenue Model
Sunrise Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 112.05K | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -2.66K | 70.90K | -4.94K | -5.08K | -4.20K | -3.54K | EBIT |
| -312.52K | -659.26K | -392.29K | -284.03K | -335.95K | -303.16K | EBITDA |
| -242.72K | -310.51K | -198.04K | -473.14K | -331.84K | -299.36K | Net Income Common Stockholders |
| -245.38K | -658.81K | -391.29K | -478.22K | -335.25K | -302.90K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 161.91K | 102.42K | 177.97K | 96.13K | 371.74K | 1.09M | Total Assets |
| 2.69M | 2.12M | 2.75M | 2.80M | 2.71M | 3.05M | Total Debt |
| 275.00K | 195.00K | 302.64K | 5.71K | 7.01K | 9.70K | Net Debt |
| 113.09K | 92.58K | 124.68K | -90.41K | -364.73K | -1.08M | Total Liabilities |
| 463.60K | 347.37K | 440.94K | 142.73K | 134.54K | 100.38K | Stockholders Equity |
| 2.22M | 1.78M | 2.31M | 2.66M | 2.58M | 2.95M |
| Cash Flow | Free Cash Flow | ||||
| -270.62K | -253.31K | -465.54K | -416.05K | -728.74K | -401.13K | Operating Cash Flow |
| -184.87K | -150.73K | -340.78K | -278.56K | -337.68K | -212.54K | Investing Cash Flow |
| -85.75K | -102.13K | -124.76K | -114.23K | -373.44K | -201.02K | Financing Cash Flow |
| 238.60K | 186.50K | 516.01K | 102.30K | ― | 1.48M |
Sunrise Resources Technical Analysis
Sunrise Resources Peers Comparison
Sunrise Resources Corporate Events
Sunrise Resources plc has announced the release of a Stockbox Interview that highlights its Pioche Sepiolite Project. The interview provides an in-depth look at the project’s history, recent exploration activities, and future plans, emphasizing the strategic importance of sepiolite as a rare mineral. This announcement is part of the company’s efforts to increase visibility and stakeholder engagement, potentially enhancing its market position and attracting investor interest.
Sunrise Resources Plc has announced the retirement of Roger Murphy from his role as a non-executive director, a position he has held since May 2016. Adam Hainsworth has been appointed as the new non-executive director and will take over as Chairman of the Remuneration Committee. The change is part of a strategic move to align with the QCA Code’s recommendations and to allow Mr. Murphy to focus on personal and business interests. This transition is expected to maintain the company’s momentum in exploring opportunities to unlock value from its assets.
Sunrise Resources Plc has announced that its total issued share capital consists of 5,533,002,159 ordinary shares, each with voting rights, as of March 31, 2025. This update is in line with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, providing shareholders with the necessary information to calculate their interests in the company. This announcement is significant for stakeholders as it ensures transparency and compliance with regulatory requirements, potentially impacting shareholder decisions and market perceptions.
Sunrise Resources Plc announced the successful passing of all resolutions at its Annual General Meeting, including the re-election of Mr. James Cole as a director despite significant opposition. The company acknowledges shareholder dissatisfaction with its share price performance, attributing the vote against Mr. Cole as a protest. Additionally, the approval of resolutions allowing the issuance of new shares and dis-application of pre-emption rights provides Sunrise Resources with flexibility to raise capital, crucial for its operations given its lack of regular income. The company plans to continue engaging with shareholders to address concerns and maintain its operational viability.
Sunrise Resources plc has announced the issuance of 93,021,463 new Ordinary Shares to settle outstanding director fees for the period from April 2024 to February 2025. This move is part of the company’s strategy to conserve cash for its project activities. The new shares, issued at 0.0205 pence each, will be admitted to trading on AIM, increasing the company’s total share capital with voting rights to 5,533,002,159 Ordinary Shares. This issuance allows the company to maintain liquidity while compensating its directors, potentially impacting shareholder calculations under the Financial Conduct Authority’s rules.
Sunrise Resources Plc has appointed Mr. Adam Hainsworth as a non-executive director, effective from March 14, 2025. Mr. Hainsworth, a significant shareholder and experienced commercial director, is expected to bring valuable insights and drive to the board, enhancing the company’s efforts to commercialize its assets and create shareholder value.
Sunrise Resources Plc announced that as of 28 February 2025, the company’s issued share capital consists of 5,439,980,696 ordinary shares with voting rights, with no shares held in treasury. This information is crucial for shareholders to calculate their interests in accordance with the FCA’s Disclosure Guidance and Transparency Rules.
Sunrise Resources Plc has announced the conversion of £27,000 of its Second Convertible Security into 270,000,000 new ordinary shares, which will be admitted to trading on AIM around 21 February 2025. This conversion reduces the face value of the security to £123,000 and increases the total voting shares to 5,439,980,696, impacting shareholder voting rights and market disclosure under Financial Conduct Authority rules.
Sunrise Resources Plc has published its Annual Report for the year ending 30 September 2024 and announced the 2025 Annual General Meeting, scheduled for 13 March 2025 in London. The publication of the Annual Report allows shareholders to review the company’s financial and operational performance, with proxy voting details provided for shareholder participation in the AGM.
Sunrise Resources Plc has updated its website and company presentation following the release of its Annual Report and Financial Statements. Additionally, the company is enhancing its social media engagement by partnering with Bromham Communications & Investment Limited to manage content and improve access to the StockBox Investor Platform. An interview with the Executive Chairman, Patrick Cheetham, is now available on StockBox and YouTube, providing insights into the company’s strategies and future outlook.
Sunrise Resources has received a comprehensive data package from Tolsa detailing exploration work and results at the Pioche Sepiolite Project in Nevada. The findings indicate extensive sepiolite beds with high purity up to 92%, though further drilling is required to define the outer limits of the deposit. The project’s timing is advantageous due to increased demand for sepiolite in the oil and gas drilling market, coupled with environmental threats to the only other U.S. sepiolite producer. This positions Sunrise for potential market entry as interest grows in the Pioche Project.
Sunrise Resources plc announced its audited financial results for the year ending 30 September 2024, highlighting strategic developments and financial achievements. The company reported income generation through project payments, which aided in reducing administrative costs and the need for equity fundraising. Despite slower uptake for its natural pozzolan projects, Sunrise is actively negotiating potential development routes with multiple companies, including discussions for joint ventures. The Pioche Sepiolite Project, although not purchased by Tolsa S.A., remains of interest to other companies, with potential market growth expected in the oil industry. Additionally, Sunrise secured a royalty interest from its Crow Springs diatomite claims, anticipating future royalty income as production plans progress.