Sarama Resources (CVE:SWA) Trading Down 11.1% – Should You Sell?

Shares of Sarama Resources Ltd (CVE:SWAGet Free Report) were down 11.1% on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 540,000 shares changed hands during mid-day trading, an increase of 339% from the average daily volume of 122,932 shares. The stock had previously closed at C$0.05.

Sarama Resources Trading Down 11.1%

The firm has a market cap of C$9.16 million, a PE ratio of -2.00 and a beta of 1.74. The business has a 50-day moving average price of C$0.03 and a two-hundred day moving average price of C$0.03. The company has a debt-to-equity ratio of 21.52, a current ratio of 0.51 and a quick ratio of 3.66.

About Sarama Resources

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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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