Sanatana Resources (CVE:STA) Trading Up 20% - Here's Why

Sanatana Resources Inc. (CVE:STA - Get Free Report)'s share price shot up 20% on Friday . The stock traded as high as C$0.66 and last traded at C$0.66. 325,085 shares were traded during mid-day trading, an increase of 228% from the average session volume of 99,123 shares. The stock had previously closed at C$0.55.

Sanatana Resources Stock Performance

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 stock has a 50 day simple moving average of C$0.22 and a 200 day simple moving average of C$0.12. The company has a market capitalization of C$74.34 million, a price-to-earnings ratio of -73.00 and a beta of 1.32.

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.