Sanatana Resources (CVE:STA) Shares Up 25% – Should You Buy?

Shares of Sanatana Resources Inc. (CVE:STA) were up 25% on Monday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 220,000 shares traded hands during mid-day trading, an increase of 228% from the average daily volume of 67,093 shares. The stock had previously closed at C$0.02.

Sanatana Resources Trading Up 25.0 %

The stock has a market capitalization of C$2.55 million, a price-to-earnings ratio of -2.50 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 company has a fifty day moving average of C$0.03 and a two-hundred day moving average of C$0.07.

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.