Sanatana Resources (CVE:STA) Stock Price Up 30% – Should You Buy?

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

Sanatana Resources Stock Performance

The stock has a market cap of C$79.44 million, a P/E ratio of -78.00 and a beta of 1.32. The company has a quick ratio of 2.01, a current ratio of 5.53 and a debt-to-equity ratio of 3.47. The business has a 50 day moving average price of C$0.71 and a two-hundred day moving average price of C$0.34.

About Sanatana Resources

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.