Sanatana Resources (CVE:STA) Trading Up 30% - 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.

Shares of Sanatana Resources Inc. (CVE:STA - Get Free Report) shot up 30% during trading on Saturday . The company 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 stock's fifty day moving average price is C$0.73 and its two-hundred day moving average price is C$0.35. The company has a market cap of C$78.42 million, a P/E ratio of -77.00 and a beta of 1.32. The company has a debt-to-equity ratio of 3.47, a quick ratio of 2.01 and a current ratio of 5.53.

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.