Sanatana Resources (CVE:STA) Stock Price Up 30% - Here's Why

Key Points

• Sanatana Resources Inc. shares rose by 30% on Saturday, closing at C$0.78 after trading as high as C$0.80.
• The company has a market cap of C$79.44 million, and notable financial ratios include a debt-to-equity ratio of 3.47.
• Sanatana Resources is focused on the acquisition and exploration of mineral properties, particularly in the areas of copper and gold, including significant projects in British Columbia and Ontario.

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

Sanatana Resources Stock Down 3.8%

The firm has a market capitalization of C$76.38 million, a P/E ratio of -75.00 and a beta of 1.32. The company has a debt-to-equity ratio of 3.47, a quick ratio of 2.01 and a current ratio of 5.53. The business's fifty day moving average price is C$0.73 and its two-hundred day moving average price is 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.