Sanatana Resources (CVE:STA) Trading Up 30% - Here's What Happened

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 share price 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 changed hands 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 Down 1.3%

The company's fifty day simple moving average is C$0.73 and its 200 day simple moving average is C$0.35. The firm has a market capitalization of C$78.42 million, a P/E ratio of -77.00 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.