Sanatana Resources (CVE:STA) Shares Up 18.2% - Time to Buy?

Key Points

• Sanatana Resources Inc. shares surged 18.2% on Monday, with trading reaching as high as C$0.86 before last settling at C$0.78.
• The company reported a debt-to-equity ratio of 3.47 and market capitalization of C$79.44 million, indicating a growing interest despite a negative P/E ratio of -78.00.
• Sanatana is actively exploring mineral properties, including an 80% interest in the Oweegee Dome project and 100% interest in the Empress Property in British Columbia and Ontario.

Sanatana Resources Inc. (CVE:STA - ) shares shot up 18.2% on Monday . The company traded as high as C$0.86 and last traded at C$0.78. 343,975 shares changed hands during mid-day trading, an increase of 218% from the average session volume of 108,172 shares. The stock had previously closed at C$0.66.

Sanatana Resources Stock Performance

The company has a debt-to-equity ratio of 3.47, a current ratio of 5.53 and a quick ratio of 2.01. The stock's 50 day simple moving average is C$0.72 and its two-hundred day simple moving average is C$0.41. The stock has a market cap of C$79.44 million, a P/E ratio of -78.00 and a beta of 1.32.

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.

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