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

Key Points

• Sanatana Resources Inc. shares surged by 30% on Saturday, trading as high as C$0.80 before closing at C$0.78.
• The company's market capitalization stands at C$79.44 million, with notable financial metrics including a debt-to-equity ratio of 3.47 and a P/E ratio of -78.00.
• Sanatana Resources is engaged in mineral exploration, with significant projects including an 80% interest in the Oweegee Dome project in British Columbia and 100% interest in the Empress Property.

Sanatana Resources Inc. (CVE:STA - Get Free Report)'s stock price was up 30% during mid-day trading on Saturday . The company 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 firm has a fifty day simple moving average of C$0.73 and a 200-day simple moving average of C$0.35. The stock 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 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.