Sarama Resources (CVE:SWA) Sets New 52-Week Low – Time to Sell?

Sarama Resources Ltd (CVE:SWA) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 1000 shares. The stock had previously closed at C$0.04.

Sarama Resources Price Performance

The company has a market capitalization of C$18.52 million, a P/E ratio of -6.67 and a beta of 3.53. The company has a debt-to-equity ratio of 21.52, a current ratio of 0.51 and a quick ratio of 3.66. The firm’s 50-day moving average is C$0.04 and its 200-day moving average is C$0.04.

Sarama Resources (CVE:SWA) last released its quarterly earnings results on Friday, May 15th. The company reported C($0.00) earnings per share for the quarter. During the same quarter in the prior year, the company earned $0.00 earnings per share. Analysts predict 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.