Sanatana Resources (CVE:STA) Trading Up 30% - Here's What Happened

Key Points

• Sanatana Resources Inc. experienced a significant share price increase of 30%, trading as high as C$0.80, closing at C$0.78 after previously being at C$0.60.
• The company's market capitalization is C$79.44 million, with a notable debt-to-equity ratio of 3.47.
• Sanatana Resources is focused on the acquisition and exploration of mineral properties, including an option agreement for an 80% interest in the Oweegee Dome project in British Columbia.

Sanatana Resources Inc. (CVE:STA - )'s share price shot up 30% on Saturday . The stock traded as high as C$0.80 and last traded at C$0.78. 187,179 shares traded hands during mid-day trading, an increase of 68% from the average session volume of 111,337 shares. The stock had previously closed at C$0.60.

Sanatana Resources Trading Up 30.0%

The firm has a market cap of C$79.44 million, a P/E ratio of -78.00 and a beta of 1.32. The business's fifty day moving average is C$0.71 and its 200-day moving average is C$0.34. The company has a debt-to-equity ratio of 3.47, a quick ratio of 2.01 and a current ratio of 5.53.

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.

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