Sarama Resources (CVE:SWA) Trading Up 50% – Here’s What Happened

Sarama Resources Ltd (CVE:SWA)’s share price shot up 50% during mid-day trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. 253,000 shares changed 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 current ratio of 0.51, a quick ratio of 3.66 and a debt-to-equity ratio of 21.52. The firm’s fifty day moving average is C$0.03 and its 200 day moving average is C$0.03. The company has a market cap of C$5.72 million, a PE ratio of -1.25 and a beta of 1.74.

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.