Sarama Resources Ltd (CVE:SWA – Get Free Report)’s stock price dropped 14.3% during mid-day trading on Saturday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 211,714 shares changed hands during mid-day trading, an increase of 297% from the average daily volume of 53,378 shares. The stock had previously closed at C$0.04.
Sarama Resources Price Performance
The company has a market capitalization of C$6.87 million, a PE ratio of -1.50 and a beta of 1.74. The company has a quick ratio of 3.66, a current ratio of 0.51 and a debt-to-equity ratio of 21.52. The firm’s 50-day moving average is C$0.03 and its 200-day moving average is C$0.03.
About Sarama Resources
Sarama Resources Ltd, an exploration stage company, engages in the sourcing, exploration, and development of gold deposits in West Africa. It explores for gold. The company holds 100% interest in the Sanutura Project covering an area of approximately 1,420 square kilometers; and 18% interest in the Karankasso Project covering an area of approximately 750 square kilometers located in Burkina Faso.
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