Sarama Resources Ltd (CVE:SWA – Get Free Report)’s share price shot up 50% during trading on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. 250,000 shares changed hands during trading, an increase of 302% from the average session volume of 62,187 shares. The stock had previously closed at C$0.02.
Sarama Resources Stock Performance
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 company has a market cap of C$6.87 million, a price-to-earnings ratio of -1.50 and a beta of 1.74. The stock’s fifty day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.03.
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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