Sanatana Resources (CVE:STA) Hits New 52-Week Low – Here’s Why

Sanatana Resources Inc. (CVE:STA)’s share price hit a new 52-week low on Friday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 713500 shares trading hands. The stock had previously closed at C$0.03.

Sanatana Resources Price Performance

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 company has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.06. The stock has a market cap of C$2.04 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.