Sarama Resources Ltd (CVE:SWA – Get Free Report) traded down 10% during trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. 177,174 shares were traded during mid-day trading, an increase of 73% from the average session volume of 102,515 shares. The stock had previously closed at C$0.05.
Sarama Resources Trading Down 10.0%
The company has a market cap 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 current ratio of 0.51 and a quick ratio of 3.66. The business’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04.
About Sarama Resources
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.
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