Sarama Resources (CVE:SWA) Sets New 52-Week Low – Time to Sell?

Sarama Resources Ltd (CVE:SWA)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 1000 shares changing hands. The stock had previously closed at C$0.04.

Sarama Resources Stock Up 14.3%

The company has a quick ratio of 3.66, a current ratio of 0.51 and a debt-to-equity ratio of 21.52. The stock has a market capitalization of C$18.52 million, a P/E ratio of -6.67 and a beta of 3.53. The company has a fifty day moving average price of C$0.04 and a 200-day moving average price of C$0.04.

Sarama Resources (CVE:SWA) last announced its quarterly earnings results on Friday, May 15th. The company reported C($0.00) EPS for the quarter. During the same period in the prior year, the business earned $0.00 EPS. As a group, research analysts forecast that Sarama Resources Ltd will post -0.01 EPS for the current fiscal 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. 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.