Sanatana Resources (CVE:STA) Trading Up 46.7% - Should You Buy?

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

Sanatana Resources Stock Down 4.3%

The firm has a 50-day simple moving average of C$0.24 and a 200 day simple moving average of C$0.13. The stock has a market capitalization of C$68.23 million, a P/E 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.