Sarama Resources (CVE:SWA) Stock Price Down 25%

Sarama Resources Ltd (CVE:SWA)’s stock price dropped 25% on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 296,000 shares were traded during trading, an increase of 68% from the average daily volume of 176,002 shares. The stock had previously closed at C$0.02.

Sarama Resources Price Performance

The company has a 50-day simple moving average of C$0.02 and a 200 day simple moving average of C$0.01. The company has a market cap of C$3.68 million, a P/E ratio of -1.00 and a beta of 1.54. The company has a current ratio of 0.53, a quick ratio of 3.66 and a debt-to-equity ratio of 21.52.

Sarama Resources (CVE:SWA) last announced its quarterly earnings data on Thursday, March 28th. The company reported C($0.01) EPS for the quarter. On average, equities analysts anticipate that Sarama Resources Ltd will post -0.01 EPS for the current year.

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.