Sanatana Resources (CVE:STA) Trading 30% Higher - Should You Buy?

Key Points

• Sanatana Resources Inc. shares surged 30% to close at C$0.78, significantly increasing from its previous close of C$0.60.
• The company is actively involved in mineral exploration, acquiring a 80% interest in the Oweegee Dome project and a 100% interest in the Empress Property.
• Sanatana Resources has a debt-to-equity ratio of 3.47, indicating a high level of debt compared to its equity.

Sanatana Resources Inc. (CVE:STA - Get Free Report) shares rose 30% during mid-day trading on Saturday . The company traded as high as C$0.80 and last traded at C$0.78. Approximately 187,179 shares were traded during mid-day trading, an increase of 68% from the average daily volume of 111,337 shares. The stock had previously closed at C$0.60.

Sanatana Resources Stock Down 3.8%

The stock's 50-day moving average is C$0.73 and its 200-day moving average is C$0.35. The stock has a market cap of C$76.38 million, a P/E ratio of -75.00 and a beta of 1.32. 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.