Sanatana Resources (CVE:STA) Shares Up 30% - Should You Buy?

Key Points

• Sanatana Resources Inc. shares surged by 30% to C$0.78, with trading volume increasing significantly by 68% from the average.
• The company has a market cap of C$79.44 million and a debt-to-equity ratio of 3.47, indicating a leveraged financial structure.
• Sanatana Resources is in the process of acquiring mineral properties, focusing on copper and gold exploration in British Columbia and Ontario.

Shares of Sanatana Resources Inc. (CVE:STA - Get Free Report) were 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 Stock Performance

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 simple moving average of C$0.71 and a 200-day simple moving average of C$0.34. The firm has a market capitalization of C$79.44 million, a PE ratio of -78.00 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.