Sanatana Resources (CVE:STA) Trading 46.7% Higher – Here’s What Happened

Sanatana Resources Inc. (CVE:STA) shares traded up 46.7% on Friday . The stock traded as high as C$0.55 and last traded at C$0.55. 326,914 shares were traded during mid-day trading, an increase of 238% from the average session volume of 96,612 shares. The stock had previously closed at C$0.38.

Sanatana Resources Stock Up 46.7%

The firm has a market capitalization of C$56.01 million, a PE ratio of -55.00 and a beta of 1.32. The company has a current ratio of 5.53, a quick ratio of 2.01 and a debt-to-equity ratio of 3.47. The firm has a 50-day moving average of C$0.21 and a two-hundred day moving average of C$0.11.

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.