Sanatana Resources (CVE:STA) Sets New 12-Month Low – Should You Sell?

Shares of Sanatana Resources Inc. (CVE:STA) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.03, with a volume of 644400 shares trading hands. The stock had previously closed at C$0.03.

Sanatana Resources Stock Performance

The stock’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.07. 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 stock has a market capitalization of C$2.55 million, a price-to-earnings ratio of -2.50 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.