Sarama Resources Ltd (CVE:SWA – Get Free Report) shares rose 25% during trading on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 45,396 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 152,313 shares. The stock had previously closed at C$0.02.
Sarama Resources Stock Up 25.0 %
The firm has a market capitalization of C$5.72 million, a P/E ratio of -1.00 and a beta of 1.74. The firm’s 50-day moving average is C$0.02 and its 200 day moving average is C$0.02. The company has a debt-to-equity ratio of 21.52, a quick ratio of 3.66 and a current ratio of 0.51.
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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