Sanatana Resources (CVE:STA) Trading Up 19.7% - Time to Buy?

Key Points

• Sanatana Resources Inc. shares increased by 19.7% during mid-day trading, reaching a high of C$0.86 before settling at C$0.79.
• The company currently has a market capitalization of C$80.45 million and notable financial ratios, including a current ratio of 5.53 and a PE ratio of -79.00.
• Sanatana Resources is engaged in the acquisition and exploration of mineral properties, with significant interests in projects located in British Columbia and Ontario.

Sanatana Resources Inc. (CVE:STA - Get Free Report)'s stock price traded up 19.7% during trading on Monday . The stock traded as high as C$0.86 and last traded at C$0.79. 299,784 shares were traded during mid-day trading, an increase of 178% from the average session volume of 107,656 shares. The stock had previously closed at C$0.66.

Sanatana Resources Stock Up 18.2%

The firm's 50-day moving average price is C$0.73 and its 200 day moving average price is C$0.42. The company has a market capitalization of C$31.35 million, a price-to-earnings ratio of -4.55 and a beta of 6.95. The company has a current ratio of 5.53, a quick ratio of 2.01 and a debt-to-equity ratio of 3.47.

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.