Sanatana Resources (CVE:STA) Shares 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 - Get Free Report)'s share price traded up 30% on Saturday . The company traded as high as C$0.80 and last traded at C$0.78. 187,179 shares were traded 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 Stock Down 3.8%

The firm has a market cap of C$76.38 million, a PE ratio of -75.00 and a beta of 1.32. The business's 50 day moving average price is C$0.73 and its 200 day moving average price is C$0.35. The company has a debt-to-equity ratio of 3.47, a current ratio of 5.53 and a quick ratio of 2.01.

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.