Insider Buying: Sarama Resources (CVE:SWA) Insider Acquires 841,894 Shares of Stock

Sarama Resources Ltd (CVE:SWA) insider Paul Raymond Paul Schmiede bought 841,894 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average price of C$0.05 per share, for a total transaction of C$42,094.70. Following the completion of the acquisition, the insider directly owned 12,019,324 shares in the company, valued at C$600,966.20. The trade was a 7.53% increase in their ownership of the stock.

Sarama Resources Price Performance

Shares of SWA stock remained flat at C$0.04 during trading hours on Monday. 572,000 shares of the stock traded hands, compared to its average volume of 139,218. The business’s fifty day moving average is C$0.04 and its two-hundred day moving average is C$0.04. The company has a quick ratio of 3.66, a current ratio of 0.51 and a debt-to-equity ratio of 21.52. Sarama Resources Ltd has a 52-week low of C$0.02 and a 52-week high of C$0.06. The firm has a market capitalization of C$18.39 million, a PE ratio of -2.22 and a beta of 1.39.

Sarama Resources Company Profile

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.