Sanatana Resources (CVE:STA) Trading 9.3% Higher - Still a Buy?

Sanatana Resources Inc. (CVE:STA - Get Free Report)'s share price traded up 9.3% during mid-day trading on Thursday . The company traded as high as C$0.41 and last traded at C$0.41. 211,500 shares were traded during mid-day trading, an increase of 126% from the average session volume of 93,670 shares. The stock had previously closed at C$0.38.

Sanatana Resources Stock Performance

The company has a debt-to-equity ratio of 3.47, a quick ratio of 2.01 and a current ratio of 5.53. The firm has a market capitalization of C$74.34 million, a price-to-earnings ratio of -73.00 and a beta of 1.32. The firm's 50 day simple moving average is C$0.22 and its 200 day simple moving average is C$0.12.

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.