Sanatana Resources (CVE:STA) Shares Up 5% – What’s Next?

Sanatana Resources Inc. (CVE:STA)’s share price was up 5% during trading on Friday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 39,000 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 34,552 shares. The stock had previously closed at C$0.10.

Sanatana Resources Stock Up 5.0 %

The firm’s 50 day moving average price is C$0.10 and its two-hundred day moving average price is C$0.06. The company has a debt-to-equity ratio of 3.47, a current ratio of 5.53 and a quick ratio of 2.01. The firm has a market cap of C$10.69 million, a price-to-earnings ratio of -10.50 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.