Sarama Resources Ltd (CVE:SWA – Get Free Report) 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 were traded during mid-day 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 firm has a market cap of C$11.45 million, a PE ratio of -2.50 and a beta of 1.74. The stock’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 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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