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 were traded during trading, an increase of 305% from the average session volume of 62,437 shares. The stock had previously closed at C$0.02.
Sarama Resources Stock Down 16.7 %
The business’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03. The firm has a market cap of C$5.72 million, a P/E ratio of -1.25 and a beta of 1.74. 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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