Sienna Resources (CVE:SIE) Shares Up 16.7% – Here’s Why

Sienna Resources Inc. (CVE:SIEGet Free Report) shares shot up 16.7% during trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 104,000 shares changed hands during trading, a decline of 72% from the average session volume of 372,669 shares. The stock had previously closed at C$0.03.

Sienna Resources Stock Performance

The business has a fifty day moving average price of C$0.03 and a 200-day moving average price of C$0.04. The company has a quick ratio of 2.04, a current ratio of 10.88 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of C$6.90 million, a P/E ratio of -3.50 and a beta of 1.47.

Sienna Resources Company Profile

(Get Free Report)

Sienna Resources Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada and the United States. It primarily explores for platinum, palladium, and lithium deposits. The company was formerly known as Habanero Resources Inc and changed its name to Sienna Resources Inc in January 2014.

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