Sarama Resources (CVE:SWA) Reaches New 1-Year Low – Here’s Why

Sarama Resources Ltd (CVE:SWA)’s share price reached a new 52-week low on Wednesday. The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 824,000 shares traded. The stock had previously closed at C$0.03.

Sarama Resources Stock Performance

The company’s 50-day simple moving average is C$0.03 and its 200 day simple moving average is C$0.04. The company has a current ratio of 0.51, a quick ratio of 3.66 and a debt-to-equity ratio of 21.52. The stock has a market cap of C$12.59 million, a P/E ratio of -4.17 and a beta of 2.83.

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.