Sanatana Resources (CVE:STA) Trading 46.7% Higher - Time to Buy?

Sanatana Resources Inc. (CVE:STA - Get Free Report)'s stock price rose 46.7% during mid-day trading on Friday . The company traded as high as C$0.55 and last traded at C$0.55. Approximately 326,914 shares changed hands during trading, an increase of 238% from the average daily volume of 96,612 shares. The stock had previously closed at C$0.38.

Sanatana Resources Stock Performance

The stock has a market capitalization of C$68.23 million, a P/E ratio of -67.00 and a beta of 1.32. The company has a quick ratio of 2.01, a current ratio of 5.53 and a debt-to-equity ratio of 3.47. The business has a fifty day moving average price of C$0.24 and a 200-day moving average price of C$0.13.

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.