Sarama Resources Ltd (CVE:SWA – Get Free Report)’s share price was down 11.1% during trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 540,000 shares traded hands during trading, an increase of 339% from the average daily volume of 122,932 shares. The stock had previously closed at C$0.05.
Sarama Resources Price Performance
The firm has a market capitalization of C$9.16 million, a PE ratio of -2.00 and a beta of 1.74. The firm’s fifty day moving average price is C$0.03 and its 200 day moving average price is C$0.03. The company has a current ratio of 0.51, a quick ratio of 3.66 and a debt-to-equity ratio of 21.52.
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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