Sarama Resources (CVE:SWA) Reaches New 1-Year High – Here’s Why

Sarama 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

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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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