Shares of Sarama Resources Ltd (CVE:SWA – Get Free Report) traded down 14.3% during mid-day trading on Saturday . The stock traded as low as C$0.03 and last traded at C$0.03. 211,714 shares changed hands during mid-day trading, an increase of 297% from the average session volume of 53,378 shares. The stock had previously closed at C$0.04.
Sarama Resources Trading Down 14.3%
The company has a current ratio of 0.51, a quick ratio of 3.66 and a debt-to-equity ratio of 21.52. The firm has a 50-day moving average of C$0.03 and a 200 day moving average of C$0.03. The company has a market cap of C$6.87 million, a P/E ratio of -1.50 and a beta of 1.74.
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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