Sanatana Resources (CVE:STA) Shares Up 25% – Still a Buy?

Shares of Sanatana Resources Inc. (CVE:STA) shot up 25% during mid-day trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. 455,000 shares changed hands during trading, an increase of 488% from the average session volume of 77,348 shares. The stock had previously closed at C$0.02.

Sanatana Resources Stock Performance

The company has a market cap of C$2.55 million, a P/E ratio of -2.50 and a beta of 1.32. The company has a quick ratio of 2.01, a current ratio of 5.53 and a debt-to-equity ratio of 3.47. The company has a 50 day moving average price of C$0.03 and a 200-day moving average price of C$0.06.

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.