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Sanatana Resources (CVE:STA) Trading Up 19.7% - Still a Buy?

Sanatana Resources logo with Basic Materials background

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.
  • Looking to export and analyze Sanatana Resources data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

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

Sanatana Resources Trading Up 19.7%

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 company has a market cap of C$80.45 million, a PE ratio of -79.00 and a beta of 1.32. The business's 50-day simple moving average is C$0.72 and its 200-day simple moving average is C$0.40.

About Sanatana Resources

(Get Free Report)

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.

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