Sanatana Resources (CVE:STA) Trading 1.6% Higher – Should You Buy?

Sanatana Resources Inc. (CVE:STA)’s stock price rose 1.6% on Wednesday . The stock traded as high as C$0.62 and last traded at C$0.62. Approximately 193,172 shares changed hands during mid-day trading, an increase of 61% from the average daily volume of 119,807 shares. The stock had previously closed at C$0.61.

Sanatana Resources Stock Up 1.6%

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 stock has a market cap of C$41.62 million, a price-to-earnings ratio of -1.55 and a beta of 6.50. The firm has a 50 day simple moving average of C$0.64 and a two-hundred day simple moving average of C$0.66.

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.