Sarama Resources Ltd (CVE:SWA – Get Free Report)’s stock price rose 16.7% on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 506,000 shares were traded during trading, an increase of 238% from the average daily volume of 149,661 shares. The stock had previously closed at C$0.03.
Sarama Resources Price Performance
The stock has a market capitalization of C$6.87 million, a P/E ratio of -1.50 and a beta of 1.74. The company has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.02. The company has a current ratio of 0.51, a quick ratio of 3.66 and a debt-to-equity ratio of 21.52.
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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