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

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

Sanatana Resources Stock Up 32.7%

The firm has a market cap of C$74.34 million, a price-to-earnings ratio of -73.00 and a beta of 1.32. 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 50-day moving average of C$0.22 and a 200-day moving average of C$0.12.

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.