Sanatana Resources (CVE:STA) Trading 46.7% Higher - Time to Buy?

Sanatana Resources Inc. (CVE:STA - Get Free Report) was up 46.7% on Thursday . The company traded as high as C$0.55 and last traded at C$0.55. Approximately 326,914 shares changed hands during trading, an increase of 238% from the average daily volume of 96,612 shares. The stock had previously closed at C$0.38.

Sanatana Resources Price Performance

The stock has a 50 day simple moving average of C$0.24 and a two-hundred day simple moving average of C$0.13. The company has a market cap of C$68.23 million, a price-to-earnings ratio of -67.00 and a beta of 1.32. The company has a debt-to-equity ratio of 3.47, a current ratio of 5.53 and a quick ratio of 2.01.

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.