Sarama Resources (CVE:SWA) Stock Price Down 11.1% – Time to Sell?

Sarama Resources Ltd (CVE:SWA) was down 11.1% on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. 350,242 shares were traded during mid-day 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 Stock Performance

The company’s 50-day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04. The company has a market cap of C$18.52 million, a P/E ratio of -6.67 and a beta of 3.51. The company has a current ratio of 0.51, a quick ratio of 3.66 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 quarter in the prior year, the company earned $0.00 earnings per share. As a group, equities analysts forecast 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.