Sarama Resources Ltd (CVE:SWA – Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 250,000 shares changing hands. The stock had previously closed at C$0.03.
Sarama Resources Price Performance
The company has a debt-to-equity ratio of 21.52, a current ratio of 0.51 and a quick ratio of 3.66. The stock has a market cap of C$12.59 million, a P/E ratio of -4.17 and a beta of 2.83. The company’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.04.
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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