Sarama Resources (CVE:SWA) Reaches New 52-Week Low – Here’s What Happened

Sarama Resources Ltd (CVE:SWA) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 350325 shares trading hands. The stock had previously closed at C$0.04.

Sarama Resources Stock Performance

The firm has a market cap of C$15.11 million, a PE ratio of -5.00 and a beta of 3.40. 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’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.04.

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.