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

Shares of Sarama Resources Ltd (CVE:SWA) fell 10% on Thursday . The company traded as low as C$0.05 and last traded at C$0.05. 182,000 shares traded hands during trading, an increase of 98% from the average session volume of 92,002 shares. The stock had previously closed at C$0.05.

Sarama Resources Stock Down 10.0%

The company has a debt-to-equity ratio of 21.52, a quick ratio of 3.66 and a current ratio of 0.51. The firm has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The firm has a market cap of C$20.84 million, a price-to-earnings ratio of -2.50 and a beta of 2.74.

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.