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

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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.
  • Looking to export and analyze Sanatana Resources data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Sanatana Resources Inc. (CVE:STA - Get Free Report) were up 31.7% during mid-day trading 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 Trading Down 1.3%

The company has a debt-to-equity ratio of 3.47, a current ratio of 5.53 and a quick ratio of 2.01. The stock has a market capitalization of C$78.42 million, a PE ratio of -77.00 and a beta of 1.32. The stock's 50 day simple moving average is C$0.72 and its two-hundred day simple moving average is C$0.35.

Sanatana Resources Company Profile

(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.

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