Sarama Resources (CVE:SWA) Trading Up 50% – Still a Buy?

Sarama Resources Ltd (CVE:SWAGet Free Report)’s stock price traded up 50% on Thursday . The stock 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 Down 16.7 %

The firm has a market capitalization of C$5.72 million, a price-to-earnings ratio of -1.25 and a beta of 1.74. The business 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 current ratio of 0.51 and a quick ratio of 3.66.

Sarama Resources Company Profile

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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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