Sanatana Resources (CVE:STA) Trading 25% Higher – Should You Buy?

Sanatana Resources Inc. (CVE:STA)’s stock price was up 25% during trading on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 315,000 shares traded hands during trading, an increase of 308% 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 debt-to-equity ratio of 3.47, a quick ratio of 2.01 and a current ratio of 5.53. The stock’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.06. The stock has a market capitalization of C$2.55 million, a P/E ratio of -2.50 and a beta of 1.32.

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.