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

Key Points

• Sanatana Resources Inc. experienced a significant share price increase of 30%, reaching a last traded price of C$0.78.
• The company's trading volume increased by 68%, with 187,179 shares changing hands, compared to the average volume of 111,337 shares.
• Sanatana Resources is focused on acquiring and exploring mineral properties, with significant interests in projects located in British Columbia and Ontario.

Sanatana Resources Inc. (CVE:STA - Get Free Report)'s stock price traded up 30% during mid-day trading 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 Trading Down 3.8%

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 business has a 50-day moving average of C$0.72 and a 200-day moving average of C$0.35. The firm has a market cap of C$76.38 million, a price-to-earnings ratio of -75.00 and a beta of 1.32.

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.