Sanatana Resources (CVE:STA) Trading 1.6% Higher – Time to Buy?

Shares of Sanatana Resources Inc. (CVE:STA) traded up 1.6% on Wednesday . The company traded as high as C$0.62 and last traded at C$0.62. 193,172 shares changed hands during trading, an increase of 61% from the average session volume of 119,807 shares. The stock had previously closed at C$0.61.

Sanatana Resources Price Performance

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 firm has a market cap of C$41.62 million, a P/E ratio of -1.55 and a beta of 6.50. The stock’s 50-day simple moving average is C$0.62 and its two-hundred day simple moving average is C$0.62.

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.