Sanatana Resources (CVE:STA) Stock Price Up 1.6% – Still a Buy?

Sanatana Resources Inc. (CVE:STA) shares traded up 1.6% on Wednesday . The stock traded as high as C$0.62 and last traded at C$0.62. Approximately 193,172 shares traded hands during trading, an increase of 61% from the average daily volume of 119,807 shares. The stock had previously closed at C$0.61.

Sanatana Resources Stock Up 1.6%

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 stock’s fifty day simple moving average is C$0.62 and its 200-day simple moving average is C$0.62. The stock has a market cap of C$41.62 million, a P/E ratio of -1.55 and a beta of 6.50.

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.