Sarama Resources (CVE:SWA) Sets New 52-Week Low – Here’s Why

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

Sarama Resources Stock Performance

The company has a market capitalization of C$15.11 million, a price-to-earnings ratio of -5.00 and a beta of 3.40. 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 stock has a 50-day simple moving average of C$0.03 and a 200-day simple moving average of 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.