Sanatana Resources (CVE:STA) Trading 25% Higher – Here’s Why

Sanatana Resources Inc. (CVE:STA) shot up 25% during mid-day trading on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03. 455,000 shares traded hands during mid-day trading, an increase of 488% from the average session volume of 77,348 shares. The stock had previously closed at C$0.02.

Sanatana Resources Stock Up 25.0 %

The company’s fifty day simple moving average is C$0.03 and its 200-day simple moving average is C$0.06. The firm has a market capitalization of C$2.55 million, a PE 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.

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.