Sarama Resources Ltd (CVE:SWA – Get Free Report)’s stock price shot up 50% during trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. 253,000 shares changed 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 Up 50.0 %
The firm’s 50-day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.03. The stock has a market cap of C$6.87 million, a price-to-earnings ratio of -1.50 and a beta of 1.74. The company has a debt-to-equity ratio of 21.52, a quick ratio of 3.66 and a current ratio of 0.51.
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.
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