Sarama Resources Ltd (CVE:SWA – Get Free Report) shares rose 25% during mid-day trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 802,021 shares traded hands during mid-day trading, an increase of 456% from the average daily volume of 144,364 shares. The stock had previously closed at C$0.04.
Sarama Resources Stock Performance
The company has a market capitalization of C$11.45 million, a price-to-earnings ratio of -2.50 and a beta of 1.74. The stock has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.03. The company has a debt-to-equity ratio of 21.52, a current ratio of 0.51 and a quick ratio of 3.66.
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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