Sanatana Resources (CVE:STA) Stock Price Up 25% – Still a Buy?

Sanatana Resources Inc. (CVE:STA) shares traded up 25% on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. 318,000 shares were traded during mid-day trading, an increase of 311% from the average session volume of 77,285 shares. The stock had previously closed at C$0.02.

Sanatana Resources Price Performance

The company’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.06. 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 market cap 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.