Sarama Resources (CVE:SWA) Stock Price Down 10% – Time to Sell?

Sarama Resources Ltd (CVE:SWA)’s stock price traded down 10% during mid-day trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. 177,174 shares were traded during trading, an increase of 84% from the average session volume of 96,461 shares. The stock had previously closed at C$0.05.

Sarama Resources Price Performance

The company has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The stock has a market capitalization of C$20.84 million, a price-to-earnings ratio of -2.50 and a beta of 2.74. 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. It also holds 100% interest in the Koumandara Project comprises four exploration properties covering an area of approximately 467 square kilometers located within the northern Banfora Greenstone Belt, south-west Burkina Faso.