Sarama Resources Ltd (CVE:SWA – Get Free Report) shares were up 25% during trading on Friday . 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 stock has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of 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 company has a market cap of C$11.45 million, a price-to-earnings 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.
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