Sanatana Resources (CVE:STA) Trading Up 30% - Still a Buy?

Key Points

• Sanatana Resources Inc. (CVE:STA) experienced a significant 30% increase in stock price, reaching C$0.78, following a previous close of C$0.60.
• The company has a market cap of C$79.44 million, a negative price-to-earnings ratio of -78.00, and is characterized by high debt with a debt-to-equity ratio of 3.47.
• Sanatana Resources is actively pursuing the acquisition and exploration of mineral properties, including copper and gold, through various option agreements for significant projects in British Columbia and Ontario.

Sanatana Resources Inc. (CVE:STA - ) was up 30% on Saturday . The stock traded as high as C$0.80 and last traded at C$0.78. Approximately 187,179 shares changed hands 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 Trading Up 30.0%

The business has a fifty day simple moving average of C$0.71 and a 200 day simple moving average of C$0.34. The stock has a market cap of C$79.44 million, a price-to-earnings 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.

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.

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