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

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 - Get Free Report) 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 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 1.3%

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 firm's 50-day moving average price is C$0.73 and its two-hundred day moving average price is C$0.35. The firm has a market cap of C$78.42 million, a PE ratio of -77.00 and a beta of 1.32.

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.