Sarama Resources (CVE:SWA) Announces Earnings Results

Sarama Resources (CVE:SWA) announced its quarterly earnings data on Friday. The company reported C$0.00 EPS for the quarter, RTT News reports. During the same period last year, the business earned $0.00 EPS.

Sarama Resources Stock Performance

CVE SWA remained flat at C$0.04 during trading on Friday. The company’s stock had a trading volume of 5,000 shares, compared to its average volume of 154,602. Sarama Resources has a 12-month low of C$0.03 and a 12-month high of C$0.07. The company has a market capitalization of C$18.52 million, a price-to-earnings ratio of -5.71 and a beta of 3.35. The company has a quick ratio of 3.66, a current ratio of 0.51 and a debt-to-equity ratio of 21.52. The stock has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04.

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. It also holds 100% interest in the Koumandara Project comprises four exploration properties covering an area of approximately 467 square kilometers located within the northern Banfora Greenstone Belt, south-west Burkina Faso.