Sarama Resources Ltd (CVE:SWA – Get Free Report)’s share price shot up 50% on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. 253,000 shares changed hands during mid-day 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 Trading Up 50.0 %
The firm has a market cap of C$6.87 million, a P/E ratio of -1.50 and a beta of 1.74. The company’s 50 day simple moving average is C$0.02 and its 200-day simple moving average is C$0.03. The company has a quick ratio of 3.66, a current ratio of 0.51 and a debt-to-equity ratio of 21.52.
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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