Sarama Resources (CVE:SWA) Stock Price Up 25% – What’s Next?

Sarama Resources Ltd (CVE:SWA)’s stock price rose 25% during trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 802,021 shares changed hands during 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 Trading Up 25.0%

The business’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.03. 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 stock has a market cap of C$11.45 million, a P/E ratio of -2.50 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.