Sarama Resources Ltd (CVE:SWA – Get Free Report) rose 50% on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 253,000 shares changed hands during mid-day trading, an increase of 305% from the average daily volume of 62,437 shares. The stock had previously closed at C$0.02.
Sarama Resources Price Performance
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 50-day moving average price is C$0.03 and its 200-day moving average price is C$0.03. The company has a market capitalization of C$5.72 million, a price-to-earnings ratio of -1.25 and a beta of 1.74.
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.
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