Sanatana Resources (CVE:STA) Shares Up 16.4% - Here's Why

Sanatana Resources Inc. (CVE:STA - Get Free Report)'s share price rose 16.4% during mid-day trading on Friday . The company traded as high as C$0.87 and last traded at C$0.78. Approximately 251,357 shares changed hands during mid-day trading, an increase of 132% from the average daily volume of 108,135 shares. The stock had previously closed at C$0.67.

Sanatana Resources Trading Down 4.9%

The company's 50-day moving average is C$0.29 and its 200-day moving average is C$0.15. 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 cap of C$79.44 million, a price-to-earnings ratio of -78.00 and a beta of 1.32.

Sanatana Resources Company Profile

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.