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Sarama Resources
(SWA)
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Rating:41Neutral
Price Target:
C$0.03
▼(-27.50% Downside)
Action:Reiterated
Date:10/01/26
The score is primarily held down by weak financial performance (minimal revenue, ongoing losses, persistent cash burn, and negative equity indicating funding dependence). Technicals further pressure the score as the stock is below all key moving averages with negative momentum signals. Valuation provides limited offset because the negative P/E reflects ongoing losses and no dividend yield is available.
Positive Factors
Low reported debt
The absence of reported debt reduces mandatory interest and principal payments, preserving flexibility while Sarama advances exploration. This lowers financial strain relative to a leveraged developer, although it does not remove the company’s broader need for external funding.
Negative Factors
Pre-revenue business model
Without producing mines, Sarama lacks recurring operating revenue to fund exploration and corporate costs. Its ability to generate future cash inflows depends on discoveries, project transactions, partnerships, or eventual development, making outcomes less predictable than those of an operating miner.
Read all positive and negative factors
Positive Factors
Negative Factors
Low reported debt
The absence of reported debt reduces mandatory interest and principal payments, preserving flexibility while Sarama advances exploration. This lowers financial strain relative to a leveraged developer, although it does not remove the company’s broader need for external funding.
Read all positive factors
Sarama Resources (SWA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$15.11M
Dividend YieldN/A
Average Volume (3M)15.01K
Price to Earnings (P/E)―
Beta (1Y)0.54
Revenue GrowthN/A
EPS Growth63.82%
CountryCA
Employees3
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding503,591,950
10 Day Avg. Volume35,032
30 Day Avg. Volume15,010
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)-13.26
Price to Sales (P/S)0.00
P/FCF Ratio-6.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sarama Resources Business Overview & Revenue Model
Company Description
Sarama Resources Ltd is an exploration-phase firm focused on discovering, evaluating, and advancing gold deposits across West Africa. Its portfolio includes key assets in southwest Burkina Faso. Within the southern Houndé Belt, the company possess...
How the Company Makes Money
Sarama Resources does not operate producing mines and, as such, recurring operating revenue from mineral production is not publicly available; null. The company’s economic model is typical of an exploration and development-stage miner: it seeks to...
Sarama Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 179.40K |
| Gross Profit | -3.71K | -13.46K | -4.48K | -4.77K | -4.05K | 179.40K |
| EBITDA | -2.27M | -2.80M | -2.68M | -2.74M | -4.02M | -2.44M |
| Net Income | -1.53M | -2.83M | -4.28M | -2.48M | -4.20M | -2.61M |
Balance Sheet | ||||||
| Total Assets | 1.05M | 939.90K | 1.24M | 2.46M | 3.05M | 3.20M |
| Cash, Cash Equivalents and Short-Term Investments | 958.55K | 864.28K | 1.15M | 492.52K | 843.09K | 1.03M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 267.70K |
| Total Liabilities | 1.87M | 1.95M | 1.47M | 1.13M | 706.98K | 1.95M |
| Stockholders Equity | -822.39K | -1.01M | -233.00K | 1.33M | 2.35M | 1.24M |
Cash Flow | ||||||
| Free Cash Flow | -1.90M | -2.00M | -1.32M | -1.90M | -5.06M | -2.10M |
| Operating Cash Flow | -1.90M | -1.99M | -1.32M | -1.90M | -4.97M | -2.10M |
| Investing Cash Flow | -1.16K | -5.77K | 212.34K | 40.75K | -97.85K | -2.75K |
| Financing Cash Flow | 2.60M | 1.66M | 1.85M | 1.54M | 5.22M | 1.55M |
Sarama Resources Technical Analysis
Negative
0.04
Price Trends
0.04
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Positive
1.43
Positive
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SWA, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 1.43 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SWA.
Sarama Resources Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$30.48M | -2.20 | -173.75% | ― | ― | -267.10% | |
48 Neutral | C$25.77M | -14.09 | -3.51% | ― | ― | 71.25% | |
43 Neutral | C$28.07M | -5.87 | -49.90% | ― | ― | -205.71% | |
41 Neutral | C$15.11M | -4.06 | 271.05% | ― | ― | 63.82% | |
41 Neutral | C$12.85M | -6.76 | -36.04% | ― | ― | 42.64% | |
38 Underperform | C$31.50M | -13.04 | -585.66% | ― | ― | -250.00% |
* General Sector Average
TSE:SWA
Sarama Resources
0.03
-0.02
-33.33%
TSE:IRV
Irving Resources
0.26
-0.06
-19.05%
TSE:OMM
Omineca Mining and Metals
0.05
0.00
0.00%
TSE:PRG
Precipitate Gold
0.13
0.02
13.64%
TSE:FFOX
FireFox Gold
0.62
-0.05
-7.46%
TSE:SGC
Solstice Gold
0.12
0.05
84.62%
Sarama Resources Corporate Events
Business Operations and StrategyExecutive/Board ChangesLegal ProceedingsShareholder Meetings
Sarama Resources Grants Performance Share Units Tied to Burkina Faso Arbitration
Neutral
Aug 31, 2026
Sarama Resources has granted 16,500,000 Performance Share Units to its directors and chief financial officer under a previously approved equity incentive plan, with 1,500,000 units allocated to the CFO and 15,000,000 to directors subject to shareh...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.