Sarama Resources (CVE:SWA) Trading Down 10% – Should You Sell?

Sarama Resources Ltd (CVE:SWA)’s share price fell 10% during mid-day trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. 177,174 shares changed hands during mid-day trading, an increase of 84% from the average session volume of 96,461 shares. The stock had previously closed at C$0.05.

Sarama Resources Price Performance

The business’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The company has a market capitalization of C$20.84 million, a P/E ratio of -2.50 and a beta of 2.74. The company has a quick ratio of 3.66, a current ratio of 0.51 and a debt-to-equity ratio of 21.52.

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.