Sienna Resources (CVE:SIE) Trading Up 16.7% – Still a Buy?

Shares of Sienna Resources Inc. (CVE:SIE) shot up 16.7% during trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. 104,000 shares traded hands during trading, a decline of 72% from the average session volume of 372,669 shares. The stock had previously closed at C$0.03.

Sienna Resources Stock Up 16.7 %

The company has a market capitalization of C$6.90 million, a PE ratio of -3.50 and a beta of 1.47. The company has a quick ratio of 2.04, a current ratio of 10.88 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average of C$0.03 and a two-hundred day moving average of C$0.04.

About Sienna Resources

Sienna Resources Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada and the United States. It primarily explores for platinum, palladium, and lithium deposits. The company was formerly known as Habanero Resources Inc and changed its name to Sienna Resources Inc in January 2014.