Sarama Resources (CVE:SWA) Reaches New 1-Year High – Here’s Why
by Scott Moore · The Cerbat GemSarama Resources Ltd (CVE:SWA – Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as C$0.03 and last traded at C$0.03, with a volume of 471333 shares trading hands. The stock had previously closed at C$0.03.
Sarama Resources Stock Performance
The firm has a fifty day moving average price of C$0.02 and a 200 day moving average price of C$0.02. The firm has a market capitalization of C$6.87 million, a PE ratio of -1.50 and a beta of 1.74. 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
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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