Sarama Resources Ltd (CVE:SWA – Get Free Report)’s stock price rose 50% during mid-day trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 250,000 shares changed hands during mid-day trading, an increase of 302% from the average daily volume of 62,187 shares. The stock had previously closed at C$0.02.
Sarama Resources Price Performance
The company has a 50-day moving average of C$0.02 and a 200 day moving average of C$0.03. The company has a quick ratio of 3.66, a current ratio of 0.51 and a debt-to-equity ratio of 21.52. The stock has a market capitalization of C$6.87 million, a PE ratio of -1.50 and a beta of 1.74.
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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