Shares of Sarama Resources Ltd (CVE:SWA – Get Free Report) rose 25% during trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 802,021 shares were traded 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 Stock Up 25.0%
The stock has a 50 day moving average price of C$0.04 and a 200 day moving average price of C$0.03. The stock has a market capitalization of C$11.45 million, a price-to-earnings ratio of -2.50 and a beta of 1.74. The company has a quick ratio of 3.66, a current ratio of 0.51 and a debt-to-equity ratio of 21.52.
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.
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