Sarama Resources (CVE:SWA) Trading Down 10% – Here’s What Happened

Sarama Resources Ltd (CVE:SWA)’s stock price dropped 10% during mid-day trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 177,174 shares changed hands during mid-day trading, an increase of 73% from the average daily volume of 102,515 shares. The stock had previously closed at C$0.05.

Sarama Resources Trading Down 10.0%

The business has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.04. The stock has a market cap of C$20.84 million, a PE ratio of -2.50 and a beta of 2.74. The company has a debt-to-equity ratio of 21.52, a quick ratio of 3.66 and a current ratio of 0.51.

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.