Sarama Resources Ltd (CVE:SWA – Get Free Report)’s share price rose 25% during mid-day trading on Saturday . The stock 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 Up 25.0%
The firm’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.03. The company has a market cap of C$11.45 million, a price-to-earnings ratio of -2.50 and a beta of 1.74. 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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