Sanatana Resources (CVE:STA) Trading Up 29.1% - What's Next?

Shares of Sanatana Resources Inc. (CVE:STA - Get Free Report) were up 29.1% during trading on Friday . The company traded as high as C$0.74 and last traded at C$0.71. Approximately 734,018 shares were traded during mid-day trading, an increase of 609% from the average daily volume of 103,571 shares. The stock had previously closed at C$0.55.

Sanatana Resources Trading Up 32.7%

The company has a current ratio of 5.53, a quick ratio of 2.01 and a debt-to-equity ratio of 3.47. The company has a market capitalization of C$74.34 million, a P/E ratio of -73.00 and a beta of 1.32. The business has a 50 day moving average price of C$0.22 and a 200 day moving average price of C$0.12.

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.