Sarama Resources Ltd Stock Hits 52-Week Low Amid West Africa Gold Exploration
1 report, 1 independent
Updated Fri 00:00
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What happened
Sarama Resources Ltd's stock price reached a new 52-week low during mid-day trading on Wednesday, October 16, 2026. The stock traded as low as C$0.03. The company is an exploration stage firm that sources and develops gold deposits in West Africa. It holds projects in Burkina Faso, including 100% interest in the Sanutura Project and 100% interest in the Koumandara Project.
From themarketsdaily.com
Why it matters
Sarama Resources Ltd operates as an exploration company holding interests in gold deposits within Burkina Faso and West Africa. The company has a market capitalization of C$12.59 million and a debt-to-equity ratio of 21.52.
From themarketsdaily.com
Who's involved
- Burkina FasoLocation where Sarama Resources Ltd holds projects
- West AfricaRegion where Sarama Resources Ltd explores gold deposits
Keep exploring
The entities involved
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Burkina Faso
sovereign state in Africa
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West Africa
westernmost region of the African continent
Related events
- Guinea is pushing for local gold processing to reduce its reliance on international exports, hosting dominant gold producers.
- The African Development Bank highlighted Burkina Faso's development needs and provided development financing advice.
- Burkina Faso entrepreneurs are establishing strategic economic partnerships with the Russian Export Center, promoting direct bilateral trade in food and textiles.