Sarama Resources (CVE:SWA) Trading Down 12.5% – What’s Next?

Sarama Resources Ltd (CVE:SWA)’s share price fell 12.5% during mid-day trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. 102,000 shares were traded during mid-day trading, a decline of 33% from the average session volume of 151,795 shares. The stock had previously closed at C$0.04.

Sarama Resources Stock Down 12.5%

The firm has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The company has a market capitalization of C$16.21 million, a P/E ratio of -5.00 and a beta of 3.35. The company has a quick ratio of 3.66, a current ratio of 0.51 and a debt-to-equity ratio of 21.52.

Sarama Resources (CVE:SWA) last announced its quarterly earnings results on Friday, May 15th. The company reported C$0.00 earnings per share (EPS) for the quarter. During the same period in the prior year, the company earned $0.00 earnings per share. On average, equities research analysts expect that Sarama Resources Ltd will post -0.01 EPS for the current fiscal year.

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. 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.