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Sanatana Resources (CVE:STA) Trading Up 16.4% - Time to Buy?

Sanatana Resources logo with Basic Materials background

Sanatana Resources Inc. (CVE:STA - Get Free Report) shot up 16.4% on Friday . The stock traded as high as C$0.87 and last traded at C$0.78. 251,357 shares were traded during mid-day trading, an increase of 132% from the average session volume of 108,135 shares. The stock had previously closed at C$0.67.

Sanatana Resources Price Performance

The company has a fifty day simple moving average of C$0.26 and a two-hundred day simple moving average of C$0.14. The stock has a market capitalization of C$80.45 million, a price-to-earnings ratio of -79.00 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.

Sanatana Resources Company Profile

(Get Free Report)

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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