Sanatana Resources (CVE:STA) Stock Price Up 19.4% - What's Next?

Shares of Sanatana Resources Inc. (CVE:STA - Get Free Report) shot up 19.4% during trading on Friday . The stock traded as high as C$0.87 and last traded at C$0.80. 148,500 shares changed hands during trading, an increase of 39% from the average session volume of 106,991 shares. The stock had previously closed at C$0.67.

Sanatana Resources Stock Down 4.9%

The company has a debt-to-equity ratio of 3.47, a current ratio of 5.53 and a quick ratio of 2.01. The stock's fifty day simple moving average is C$0.29 and its 200-day simple moving average is C$0.15. The stock has a market cap of C$79.44 million, a P/E ratio of -78.00 and a beta of 1.32.

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.