Sanatana Resources (CVE:STA) Shares Up 30% - Here's What Happened

Key Points

• Sanatana Resources' shares surged 30% during trading, reaching a last price of C$0.78, up from a previous close of C$0.60, with trading volume increasing by 68% compared to the average.
• The company has a market cap of C$79.44 million and notable financial ratios, including a PE ratio of -78.00 and a debt-to-equity ratio of 3.47.
• Sanatana Resources is focused on exploring for copper and gold, with significant projects in British Columbia and Ontario, including an agreement to acquire an 80% interest in the Oweegee Dome project.

Sanatana Resources Inc. (CVE:STA - Get Free Report) shares rose 30% on Saturday . The company traded as high as C$0.80 and last traded at C$0.78. Approximately 187,179 shares traded hands 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 Up 30.0%

The company has a market cap of C$79.44 million, a price-to-earnings ratio of -78.00 and a beta of 1.32. 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 business has a fifty day moving average price of C$0.72 and a two-hundred day moving average price of C$0.35.

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.