Sanatana Resources (CVE:STA) Stock Price Up 16.9% - Here's What Happened

Sanatana Resources Inc. (CVE:STA - Get Free Report) was up 16.9% during mid-day trading on Wednesday . The stock traded as high as C$0.94 and last traded at C$0.90. Approximately 212,160 shares were traded during mid-day trading, an increase of 93% from the average daily volume of 109,907 shares. The stock had previously closed at C$0.77.

Sanatana Resources Trading Up 1.2%

The stock has a market capitalization of C$84.53 million, a price-to-earnings ratio of -83.00 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. The firm has a fifty day moving average of C$0.35 and a 200-day moving average of C$0.17.

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.