Sanatana Resources (CVE:STA) Shares Up 30% - Time to Buy?

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 - )'s stock price rose 30% on Saturday . The company traded as high as C$0.80 and last traded at C$0.78. Approximately 187,179 shares changed hands during 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 Price Performance

The business has a 50 day moving average of C$0.71 and a 200 day moving average of C$0.34. The company has a market cap of C$79.44 million, a PE ratio of -78.00 and a beta of 1.32. The company has a debt-to-equity ratio of 3.47, a current ratio of 5.53 and a quick ratio of 2.01.

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.

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