Sarama Resources (CVE:SWA) Announces Earnings Results

Sarama Resources (CVE:SWA) issued its quarterly earnings results on Friday. The company reported C$0.00 EPS for the quarter, RTT News reports. During the same period in the prior year, the business earned $0.00 EPS.

Sarama Resources Stock Performance

Shares of Sarama Resources stock opened at C$0.04 on Friday. The business’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. The firm has a market capitalization of C$18.52 million, a P/E ratio of -5.71 and a beta of 3.35. Sarama Resources has a 12 month low of C$0.03 and a 12 month high of C$0.07. The company has a current ratio of 0.51, a quick ratio of 3.66 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.