Sarama Resources Ltd (CVE:SWA – Get Free Report) was up 25% on Friday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 802,021 shares were traded 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 company has a debt-to-equity ratio of 21.52, a quick ratio of 3.66 and a current ratio of 0.51. The firm has a market capitalization of C$11.45 million, a P/E ratio of -2.50 and a beta of 1.74. The stock has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.03.
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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