Sanatana Resources (CVE:STA) Shares Up 30% - What's Next?

Key Points

• Sanatana Resources Inc.'s stock surged by 30% to trade at C$0.78, with a significant increase in trading volume compared to its average session.
• The company's market capitalization stands at C$79.44 million, and it has a debt-to-equity ratio of 3.47 and a PE ratio of -78.00.
• Sanatana Resources is focused on acquiring and exploring mineral properties, including a recent agreement to gain an 80% interest in the Oweegee Dome project in British Columbia.

Shares of Sanatana Resources Inc. (CVE:STA - ) traded up 30% during trading on Saturday . The stock 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 Price Performance

The company has a market capitalization 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 company's 50 day simple moving average is C$0.71 and its 200-day simple moving average is C$0.34.

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.

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