Sanatana Resources (CVE:STA) Reaches New 52-Week Low – Here’s Why

Sanatana Resources Inc. (CVE:STA) shares reached a new 52-week low on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 91500 shares. The stock had previously closed at C$0.04.

Sanatana Resources Price Performance

The firm has a market cap of C$4.07 million, a P/E ratio of -4.00 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. The company’s 50-day moving average is C$0.07 and its two-hundred day moving average is C$0.08.

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.