Sarama Resources (CVE:SWA) Stock Price Up 12.5% – Here’s Why

Sarama Resources Ltd (CVE:SWA)’s stock price traded up 12.5% on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. 175,100 shares changed hands during trading, an increase of 43% from the average session volume of 122,625 shares. The stock had previously closed at C$0.04.

Sarama Resources Trading Down 20.0%

The company has a debt-to-equity ratio of 21.52, a quick ratio of 3.66 and a current ratio of 0.51. The firm has a 50 day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.03. The firm has a market capitalization of C$9.16 million, a P/E ratio of -2.00 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.