Sarama Resources Ltd (CVE:SWA – Get Free Report) shot up 50% during mid-day trading on Friday . The stock traded as high as C$0.03 and last traded at C$0.03. 253,000 shares traded hands during mid-day trading, an increase of 305% from the average session volume of 62,437 shares. The stock had previously closed at C$0.02.
Sarama Resources Stock Performance
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 stock has a market capitalization of C$6.87 million, a PE ratio of -1.50 and a beta of 1.74. The firm has a fifty day moving average price of C$0.03 and a two-hundred day moving average price of C$0.03.
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.
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