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Sanatana Resources (CVE:STA) Trading Up 31.7% - What's Next?

Sanatana Resources logo with Basic Materials background

Key Points

  • Sanatana Resources Inc. experienced a significant stock increase of 31.7%, closing at C$0.79 after trading as high as C$0.79 during the day.
  • The company has a market capitalization of C$79.44 million and a high current ratio of 5.53, reflecting strong liquidity.
  • Sanatana is focused on mineral exploration, particularly for copper and gold, and has recently entered into several acquisition agreements for various properties in British Columbia and Ontario.
  • MarketBeat previews the top five stocks to own by September 1st.

Sanatana Resources Inc. (CVE:STA - Get Free Report) was up 31.7% on Friday . The company traded as high as C$0.79 and last traded at C$0.79. Approximately 119,679 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 110,617 shares. The stock had previously closed at C$0.60.

Sanatana Resources Stock Performance

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 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 stock has a 50-day simple moving average of C$0.70 and a 200-day simple moving average of C$0.33.

About Sanatana Resources

(Get Free Report)

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.

See Also

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