Shares of Sanatana Resources Inc. (CVE:STA - Get Free Report) rose 16.9% 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 Stock Performance
The company has a 50-day moving average price of C$0.32 and a two-hundred day moving average price of C$0.16. The company has a current ratio of 5.53, a quick ratio of 2.01 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of C$88.60 million, a P/E ratio of -87.00 and a beta of 1.32.
About Sanatana Resources
(
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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.
Further Reading
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