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

Key Points

• Sanatana Resources Inc. (CVE:STA) experienced a 30% increase in stock price, reaching C$0.78 on Saturday, up from a previous close of C$0.60.
• The company saw an increase in trading volume, with 187,179 shares changing hands, a rise of 68% from its average session volume.
• Sanatana Resources is focused on the acquisition and development of mineral properties, recently entering agreements for projects in British Columbia and Ontario.

Sanatana Resources Inc. (CVE:STA - ) traded up 30% on Saturday . The stock traded as high as C$0.80 and last traded at C$0.78. 187,179 shares changed hands 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 Price Performance

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

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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