Sanatana Resources (CVE:STA) Stock Price Up 30% – Here’s Why

Sanatana Resources Inc. (CVE:STA) shares traded up 30% during trading on Saturday . The stock traded as high as C$0.80 and last traded at C$0.78. 187,179 shares traded hands during mid-day trading, an increase of 68% from the average session volume of 111,337 shares. The stock had previously closed at C$0.60.

Sanatana Resources Stock Up 30.0%

The company has a debt-to-equity ratio of 3.47, a quick ratio of 2.01 and a current ratio of 5.53. The company has a market cap of C$79.44 million, a PE ratio of -78.00 and a beta of 1.32. The firm has a fifty day simple moving average of C$0.71 and a 200 day simple moving average of C$0.34.

Sanatana Resources Company Profile

Sanatana Resources Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties. It explores for copper and gold. The company entered in an option agreement to acquire 80% interest in the Oweegee Dome project covering an area of approximately 31,077 hectares located in in Golden Triangle in British Columbia; and 100% interest in the Empress Property, as well as asset purchase agreement to acquire the Santoy Property comprising 32 cell mining claims covering an area of approximately 551 hectares located in in Ontario.