Sanatana Resources (CVE:STA) Shares Up 25% – Still a Buy?

Sanatana Resources Inc. (CVE:STAGet Free Report) shot up 25% during trading on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. 206,000 shares were traded during mid-day trading, an increase of 167% from the average session volume of 77,285 shares. The stock had previously closed at C$0.02.

Sanatana Resources Trading Up 25.0 %

The stock has a 50-day moving average price of C$0.03 and a two-hundred day moving average price of C$0.06. The stock has a market capitalization of C$2.55 million, a PE ratio of -2.50 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.

About Sanatana Resources

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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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