Sarama Resources (CVE:SWA) Trading Down 3.1%

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Shares of Sarama Resources Ltd (CVE:SWAGet Rating) dropped 3.1% on Friday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 11,500 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 76,121 shares. The stock had previously closed at C$0.16.

The business’s fifty day moving average is C$0.18 and its two-hundred day moving average is C$0.20. The company has a quick ratio of 0.30, a current ratio of 0.46 and a debt-to-equity ratio of 21.52. The stock has a market capitalization of C$21.38 million and a PE ratio of -4.70.

Sarama Resources (CVE:SWAGet Rating) last posted its earnings results on Monday, May 30th. The company reported C($0.01) earnings per share for the quarter. Sell-side analysts expect that Sarama Resources Ltd will post -0.01 EPS for the current fiscal year.

About Sarama Resources (CVE:SWA)

Sarama Resources Ltd, an exploration stage company, engages in the sourcing, exploration, and development of gold deposits in West Africa. 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 700 square kilometers located within the southern Houndé Belt, south-west Burkina Faso.

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