Sarama Resources Ltd (CVE:SWA – Get Free Report) was up 25% 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 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 Price Performance
The stock has a 50 day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.03. The firm has a market cap of C$11.45 million, a PE ratio of -2.50 and a beta of 1.74. The company has a debt-to-equity ratio of 21.52, a quick ratio of 3.66 and a current ratio of 0.51.
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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