Sanatana Resources (CVE:STA) Trading 30% Higher - What's Next?

Key Points

• Sanatana Resources Inc. saw a significant stock increase of 30% during mid-day trading, reaching a last trading price of C$0.78.
• Approximately 187,179 shares were traded, marking a 68% increase from the average daily volume.
• The company is focused on acquiring and exploring mineral properties, including a recent option agreement for 80% interest in the Oweegee Dome project in British Columbia.

Shares of Sanatana Resources Inc. (CVE:STA - Get Free Report) were up 30% during trading on Saturday . The company 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 Stock Performance

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 stock's 50 day moving average price is C$0.71 and its 200 day moving average price is C$0.34. The company has a market capitalization of C$79.44 million, a P/E 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.