Sarama Resources (CVE:SWA) Stock Price Down 12.5% – Here’s What Happened

Sarama Resources Ltd (CVE:SWA) fell 12.5% during trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. 102,000 shares changed hands during trading, a decline of 33% from the average session volume of 151,795 shares. The stock had previously closed at C$0.04.

Sarama Resources Price Performance

The firm has a 50 day moving average of C$0.04 and a 200 day moving average of C$0.04. The firm has a market cap of C$16.21 million, a price-to-earnings ratio of -5.00 and a beta of 3.35. The company has a quick ratio of 3.66, a current ratio of 0.51 and a debt-to-equity ratio of 21.52.

Sarama Resources (CVE:SWA) last released its earnings results on Friday, May 15th. The company reported C$0.00 EPS for the quarter. During the same period last year, the firm posted $0.00 EPS. As a group, sell-side analysts predict that Sarama Resources Ltd will post -0.01 earnings per share for the current year.

Sarama Resources Company Profile

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.