Sarama Resources Ltd (CVE:SWA – Get Free Report)’s share price shot up 16.7% during mid-day trading on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. 130,000 shares were traded during trading, a decline of 18% from the average session volume of 158,576 shares. The stock had previously closed at C$0.03.
Sarama Resources Trading Up 16.7 %
The stock has a market cap of C$8.01 million, a PE ratio of -1.75 and a beta of 1.74. 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 business has a 50-day moving average of C$0.02 and a 200 day moving average of C$0.02.
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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