Sanatana Resources (CVE:STA) Hits New 1-Year Low – Should You Sell?

Sanatana Resources Inc. (CVE:STA) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 168100 shares changing hands. The stock had previously closed at C$0.02.

Sanatana Resources Stock Performance

The company has a market cap of C$2.04 million, a PE ratio of -2.00 and a beta of 1.32. The company has a debt-to-equity ratio of 3.47, a quick ratio of 2.01 and a current ratio of 5.53. The stock’s 50-day simple moving average is C$0.03 and its 200 day simple moving average is C$0.06.

About Sanatana Resources

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.