Sanatana Resources (CVE:STA) Stock Price Down 20% – Here’s What Happened

Sanatana Resources Inc. (CVE:STA) fell 20% during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. 254,000 shares traded hands during mid-day trading, an increase of 351% from the average session volume of 56,333 shares. The stock had previously closed at C$0.05.

Sanatana Resources Trading Down 12.5 %

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 business has a fifty day simple moving average of C$0.07 and a 200 day simple moving average of C$0.08. The stock has a market capitalization of C$3.56 million, a price-to-earnings ratio of -3.50 and a beta of 1.32.

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.