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

Key Points

• Sanatana Resources Inc. (CVE:STA) saw a significant increase in trading, up 30% with the stock reaching a last traded price of C$0.78.
• The company has a market cap of C$79.44 million and reported a PE ratio of -78.00, highlighting its exploration stage status amidst a high debt-to-equity ratio of 3.47.
• Sanatana Resources is focused on exploring for copper and gold, with recent agreements to acquire a substantial interest in properties located in British Columbia and Ontario.

Sanatana Resources Inc. (CVE:STA - Get Free Report)'s stock price was up 30% 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 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 Performance

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

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.