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

Key Points

• Sanatana Resources Inc. saw a significant surge in its stock price, rising by 30% to a last traded price of C$0.78, after previously closing at C$0.60.
• During the trading session, approximately 187,179 shares changed hands, marking a 68% increase from the average daily volume.
• The company, focused on mineral exploration, is advancing projects including acquiring an 80% interest in the Oweegee Dome project in British Columbia and a 100% interest in the Empress Property in Ontario.

Shares of Sanatana Resources Inc. (CVE:STA - Get Free Report) were up 30% on Saturday . The stock traded as high as C$0.80 and last traded at C$0.78. Approximately 187,179 shares changed hands during mid-day 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 Stock Performance

The company has a quick ratio of 2.01, a current ratio of 5.53 and a debt-to-equity ratio of 3.47. The company's 50-day moving average is C$0.73 and its two-hundred day moving average is C$0.35. The company has a market capitalization of C$76.38 million, a P/E ratio of -75.00 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.