Sarama Resources Ltd (CVE:SWA – Get Free Report) dropped 20% during trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 912,000 shares changed hands during mid-day trading, an increase of 538% from the average daily volume of 143,044 shares. The stock had previously closed at C$0.03.
Sarama Resources Stock Up 25.0 %
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 stock has a market cap of C$5.72 million, a price-to-earnings ratio of -1.25 and a beta of 1.74. The firm has a 50 day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02.
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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