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

Key Points

• Sanatana Resources Inc. shares surged by 30% during trading, reaching a high of C$0.80 before closing at C$0.78, significantly up from the previous close of C$0.60.
• The company's market cap stands at C$79.44 million, with a high debt-to-equity ratio of 3.47, indicating potential financial risk.
• Sanatana Resources is focused on the acquisition and exploration of mineral properties, including projects in British Columbia and Ontario targeting copper and gold.

Sanatana Resources Inc. (CVE:STA - Get Free Report)'s share price traded up 30% on Saturday . The stock traded as high as C$0.80 and last traded at C$0.78. 187,179 shares changed hands during 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 Performance

The company has a market capitalization of C$79.44 million, a PE ratio of -78.00 and a beta of 1.32. The company has a debt-to-equity ratio of 3.47, a quick ratio of 2.01 and a current ratio of 5.53. The business's 50-day moving average is C$0.71 and its 200-day moving average is C$0.34.

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.