Sarama Resources (CVE:SWA) Reaches New 1-Year High – Still a Buy?

by · The Markets Daily

Shares of Sarama Resources Ltd (CVE:SWA – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04, with a volume of 100000 shares trading hands. The stock had previously closed at C$0.03.

Sarama Resources Price Performance

The stock has a market capitalization of C$8.01 million, a P/E ratio of -1.75 and a beta of 1.74. The firm’s fifty day moving average is C$0.02 and its 200-day moving average is C$0.02. The company has a current ratio of 0.51, a quick ratio of 3.66 and a debt-to-equity ratio of 21.52.

Sarama Resources Company Profile

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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.

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