Sarama Resources Ltd (CVE:SWA – Get Free Report) shot up 16.7% during mid-day trading on Thursday . The company traded as high as C$0.04 and last traded at C$0.04. 506,000 shares traded hands during trading, an increase of 238% from the average session volume of 149,661 shares. The stock had previously closed at C$0.03.
Sarama Resources Stock Up 16.7 %
The company has a market capitalization of C$8.01 million, a price-to-earnings ratio of -1.75 and a beta of 1.74. The business’s 50-day moving average is C$0.03 and its 200-day moving average is C$0.02. The company has a quick ratio of 3.66, a current ratio of 0.51 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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