Sanatana Resources (CVE:STA) Trading Up 31.7% - Should You 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 - Get Free Report)'s share price shot up 31.7% during trading on Friday . The stock traded as high as C$0.80 and last traded at C$0.79. 179,179 shares traded hands during mid-day trading, an increase of 61% from the average session volume of 111,040 shares. The stock had previously closed at C$0.60.

Sanatana Resources Stock Performance

The company has a market capitalization of C$78.42 million, a PE 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. The firm's 50-day simple moving average is C$0.72 and its 200-day simple moving average is C$0.35.

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.