Sanatana Resources (CVE:STA) Shares 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.

Shares of Sanatana Resources Inc. (CVE:STA - Get Free Report) rose 30% on Saturday . The stock traded as high as C$0.80 and last traded at C$0.78. Approximately 187,179 shares were traded 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 Trading Down 3.8%

The firm has a market cap of C$76.38 million, a price-to-earnings ratio of -75.00 and a beta of 1.32. The company has a fifty day moving average price of C$0.73 and a 200-day moving average price of C$0.35. 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.