Sarama Resources Ltd (CVE:SWA – Get Free Report) shares fell 11.1% on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. 350,242 shares were traded during trading, an increase of 144% from the average daily volume of 143,798 shares. The stock had previously closed at C$0.04.
Sarama Resources Trading Down 11.1%
The company has a quick ratio of 3.66, a current ratio of 0.51 and a debt-to-equity ratio of 21.52. The firm has a market cap of C$18.52 million, a P/E ratio of -6.67 and a beta of 3.51. The firm’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04.
Sarama Resources (CVE:SWA – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported C($0.00) earnings per share (EPS) for the quarter. During the same quarter in the previous year, the business posted $0.00 EPS. As a group, analysts expect that Sarama Resources Ltd will post -0.01 earnings per share for the current year.
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. It also holds 100% interest in the Koumandara Project comprises four exploration properties covering an area of approximately 467 square kilometers located within the northern Banfora Greenstone Belt, south-west Burkina Faso.
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