Sanatana Resources (CVE:STA) Stock Price Down 13.8% – Here’s Why

Sanatana Resources Inc. (CVE:STA)’s stock price was down 13.8% on Friday . The stock traded as low as C$0.54 and last traded at C$0.56. Approximately 353,400 shares changed hands during trading, an increase of 217% from the average daily volume of 111,400 shares. The stock had previously closed at C$0.65.

Sanatana Resources Stock Down 3.1%

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 stock has a market capitalization of C$21.70 million, a PE ratio of -1.58 and a beta of 6.97. The stock’s fifty day simple moving average is C$0.72 and its 200-day simple moving average is C$0.54.

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.