Sarama Resources Ltd (CVE:SWA – Get Free Report) shares shot up 50% during trading on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. 253,000 shares traded hands during trading, an increase of 307% from the average session volume of 62,187 shares. The stock had previously closed at C$0.02.
Sarama Resources Price Performance
The stock has a market cap of C$5.72 million, a P/E ratio of -1.25 and a beta of 1.74. The business has a 50-day simple moving average of C$0.03 and a 200 day simple moving average of 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.
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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