Sanatana Resources (CVE:STA) Trading Up 25% – Here’s Why

Sanatana Resources Inc. (CVE:STA)’s stock price rose 25% on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 206,000 shares were traded during mid-day trading, an increase of 167% from the average daily volume of 77,285 shares. The stock had previously closed at C$0.02.

Sanatana Resources Stock Up 25.0 %

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

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.