Sanatana Resources (CVE:STA) Hits New 1-Year Low – What’s Next?

Sanatana Resources Inc. (CVE:STA) shares reached a new 52-week low on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 132000 shares changing hands. The stock had previously closed at C$0.04.

Sanatana Resources Trading Down 14.3 %

The company has a market capitalization of C$3.06 million, a P/E ratio of -3.00 and a beta of 1.32. The firm has a fifty day moving average price of C$0.06 and a 200-day moving average price of C$0.07. The company has a debt-to-equity ratio of 3.47, a current ratio of 5.53 and a quick ratio of 2.01.

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.