Sarama Resources Ltd (CVE:SWA – Get Free Report)’s stock price shot up 50% during mid-day trading on Friday . The company traded as high as C$0.03 and last traded at C$0.03. 253,000 shares traded hands during 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 firm has a market cap of C$6.87 million, a price-to-earnings ratio of -1.50 and a beta of 1.74. The stock has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.03. The company has a debt-to-equity ratio of 21.52, a quick ratio of 3.66 and a current ratio of 0.51.
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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