Sanatana Resources (CVE:STA) Shares Up 28.8% - Time to Buy?

Key Points

• Sanatana Resources Inc. shares surged by 28.8% on Monday, reaching a last trading price of C$0.85, up from a previous close of C$0.66.
• The company has a market cap of C$80.45 million and key financial ratios include a current ratio of 5.53 and a debt-to-equity ratio of 3.47.
• Sanatana Resources is involved in the exploration and development of mineral properties, focusing on copper and gold and securing interests in several projects in British Columbia and Ontario.

Sanatana Resources Inc. (CVE:STA - Get Free Report) was up 28.8% during trading on Monday . The company traded as high as C$0.86 and last traded at C$0.85. Approximately 139,214 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 106,380 shares. The stock had previously closed at C$0.66.

Sanatana Resources Price Performance

The company's 50-day moving average price is C$0.73 and its 200-day moving average price is C$0.42. 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 firm has a market cap of C$31.35 million, a price-to-earnings ratio of -4.55 and a beta of 6.95.

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.