Sarama Resources (CVE:SWA) Trading 25% Higher – Should You Buy?

Sarama Resources Ltd (CVE:SWA)’s share price traded up 25% during mid-day trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. 802,021 shares changed hands during trading, an increase of 456% from the average session volume of 144,364 shares. The stock had previously closed at C$0.04.

Sarama Resources Trading Up 25.0%

The company has a market cap of C$11.45 million, a P/E ratio of -2.50 and a beta of 1.74. 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 business has a 50 day moving average price of C$0.04 and a 200-day moving average price of C$0.03.

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.