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

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.

Sanatana Resources Inc. (CVE:STA - )'s stock price traded up 30% during mid-day trading on Saturday . The stock traded as high as C$0.80 and last traded at C$0.78. 187,179 shares were traded 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 Stock Performance

The business has a fifty day simple moving average of C$0.71 and a two-hundred day simple moving average of C$0.34. 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 company has a market cap of C$79.44 million, a PE ratio of -78.00 and a beta of 1.32.

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.

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