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

Key Points

• Shares of Sanatana Resources Inc. surged by 30%, with the stock reaching a high of C$0.80 before closing at C$0.78.
• The company has a market capitalization of C$79.44 million and a debt-to-equity ratio of 3.47.
• Sanatana Resources is focused on acquiring and developing mineral properties, with recent agreements that include an 80% interest in the Oweegee Dome project in British Columbia.

Sanatana Resources Inc. (CVE:STA - Get Free Report)'s share price shot up 30% on Friday . The company traded as high as C$0.80 and last traded at C$0.78. 187,179 shares traded hands during mid-day 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 market capitalization of C$79.44 million, a P/E ratio of -78.00 and a beta of 1.32. 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 business's 50-day moving average is C$0.71 and its two-hundred day moving average is C$0.34.

About Sanatana Resources

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.