Sarama Resources (CVE:SWA) Stock Price Down 10% – Time to Sell?

Sarama Resources Ltd (CVE:SWA) was down 10% during mid-day trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 177,174 shares traded hands during mid-day trading, an increase of 84% from the average daily volume of 96,461 shares. The stock had previously closed at C$0.05.

Sarama Resources Stock Performance

The company’s 50-day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04. The company has a market capitalization of C$20.84 million, a price-to-earnings ratio of -2.50 and a beta of 2.74. The company has a debt-to-equity ratio of 21.52, a current ratio of 0.51 and a quick ratio of 3.66.

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.