Sanatana Resources (CVE:STA) Trading 25% Higher – What’s Next?

Sanatana Resources Inc. (CVE:STA) shares traded up 25% during trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. 206,000 shares traded hands during trading, an increase of 167% from the average session volume of 77,285 shares. The stock had previously closed at C$0.02.

Sanatana Resources Stock Up 25.0 %

The firm 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 debt-to-equity ratio of 3.47, a current ratio of 5.53 and a quick ratio of 2.01. The business has a fifty day moving average price of C$0.03 and a two-hundred day moving average price of C$0.06.

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.