Sarama Resources (CVE:SWA) Trading Down 11.1% – Here’s Why

Shares of Sarama Resources Ltd (CVE:SWA) were down 11.1% during mid-day trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 350,242 shares were traded during trading, an increase of 144% from the average session volume of 143,798 shares. The stock had previously closed at C$0.04.

Sarama Resources Stock Down 11.1%

The company has a market cap of C$18.52 million, a P/E ratio of -6.67 and a beta of 3.51. The company has a debt-to-equity ratio of 21.52, a current ratio of 0.51 and a quick ratio of 3.66. 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 (CVE:SWA) last issued its quarterly earnings data on Friday, May 15th. The company reported C($0.00) earnings per share for the quarter. During the same period in the prior year, the firm earned $0.00 EPS. On average, research analysts expect that Sarama Resources Ltd will post -0.01 EPS for the current year.

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. 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.