Sanatana Resources (CVE:STA) Trading 30% Higher - What's Next?

Key Points

• Sanatana Resources Inc. experienced a significant stock price surge of 30%, reaching a high of C$0.80 before closing at C$0.78.
• The company has a market capitalization of C$79.44 million and notable financial ratios, including a debt-to-equity ratio of 3.47 and a PE ratio of -78.00.
• Sanatana Resources is involved in mineral exploration, focusing on copper and gold, and has secured interests in multiple mining properties including Oweegee Dome and Empress Property.

Sanatana Resources Inc. (CVE:STA - )'s stock price shot up 30% on Saturday . The stock traded as high as C$0.80 and last traded at C$0.78. 187,179 shares traded hands during 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 Price 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 company has a market cap of C$79.44 million, a PE ratio of -78.00 and a beta of 1.32. The stock has a fifty day moving average price of C$0.71 and a 200-day moving average price of C$0.34.

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.

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