Sarama Resources (CVE:SWA) Shares Up 50% – Should You Buy?

Sarama Resources Ltd (CVE:SWA) shares shot up 50% on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. 250,000 shares changed hands during trading, an increase of 302% from the average session volume of 62,187 shares. The stock had previously closed at C$0.02.

Sarama Resources Trading Up 50.0 %

The company has a current ratio of 0.51, a quick ratio of 3.66 and a debt-to-equity ratio of 21.52. The firm has a 50-day moving average of C$0.02 and a two-hundred day moving average of C$0.03. The firm has a market capitalization of C$6.87 million, a P/E ratio of -1.50 and a beta of 1.74.

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.