Sanatana Resources (CVE:STA) Trading Up 31.7% - Time to Buy?

Key Points

• Sanatana Resources Inc. saw a significant increase in share price, up 31.7% to C$0.79 during mid-day trading on Friday, compared to its previous close of C$0.60.
• The company's market capitalization is C$79.44 million, and it has a high debt-to-equity ratio of 3.47, indicating potential financial risk.
• Sanatana Resources is actively engaged in the exploration for copper and gold, recently acquiring interests in multiple mineral properties including the Oweegee Dome project in British Columbia.

Sanatana Resources Inc. (CVE:STA - )'s share price was up 31.7% during mid-day trading on Friday . The company traded as high as C$0.80 and last traded at C$0.79. Approximately 179,179 shares were traded during trading, an increase of 61% from the average daily volume of 111,040 shares. The stock had previously closed at C$0.60.

Sanatana Resources Trading Up 30.0%

The business's 50 day moving average price is C$0.70 and its two-hundred day moving average price is C$0.33. The company has a market capitalization 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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