Sanatana Resources (CVE:STA) Shares Up 46.7% - Still a Buy?

Sanatana Resources Inc. (CVE:STA - Get Free Report)'s share price shot up 46.7% during trading on Thursday . The company traded as high as C$0.55 and last traded at C$0.55. 326,914 shares changed hands during mid-day trading, an increase of 238% from the average session volume of 96,612 shares. The stock had previously closed at C$0.38.

Sanatana Resources Price Performance

The firm has a market capitalization of C$68.23 million, a P/E ratio of -67.00 and a beta of 1.32. The business has a 50-day moving average of C$0.24 and a 200 day moving average of C$0.13. The company has a current ratio of 5.53, a quick ratio of 2.01 and a debt-to-equity ratio of 3.47.

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.