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Sanatana Resources (CVE:STA) Trading 30% Higher - Time to Buy?

Sanatana Resources logo with Basic Materials background

Key Points

  • Sanatana Resources Inc. saw a significant share price increase of 30%, rising to C$0.78 from a previous close of C$0.60.
  • Trading volume increased by 68%, with 187,179 shares changing hands compared to an average of 111,337.
  • The company has made an agreement to acquire a 80% interest in the Oweegee Dome project and a 100% interest in the Empress Property, expanding its exploration footprint in British Columbia and Ontario.
  • Need better tools to track Sanatana Resources? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Sanatana Resources Inc. (CVE:STA - Get Free Report) 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 traded hands 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 Price Performance

The business's fifty day moving average is C$0.73 and its 200-day moving average is C$0.35. The company has a debt-to-equity ratio of 3.47, a current ratio of 5.53 and a quick ratio of 2.01. The firm has a market cap of C$76.38 million, a PE ratio of -75.00 and a beta of 1.32.

About Sanatana Resources

(Get Free Report)

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.

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