Sarama Resources (CVE:SWA) Trading Down 14.3% – Should You Sell?

Shares of Sarama Resources Ltd (CVE:SWA) traded down 14.3% during trading on Saturday . The stock traded as low as C$0.03 and last traded at C$0.03. 211,714 shares were traded during 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 Stock Performance

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 stock has a 50 day simple moving average of C$0.03 and a 200 day simple moving average of C$0.03. The company has a market capitalization of C$6.87 million, a price-to-earnings ratio of -1.50 and a beta of 1.74.

Sarama Resources Company Profile

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.