Stocks

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

Published December 28, 2024

Sanatana Resources Inc. (CVE:STA) saw a notable surge in its stock price this Wednesday, with shares increasing by 25% during mid-day trading. The stock reached a high of C$0.03 and closed at the same price. A total of approximately 455,000 shares changed hands, marking a significant increase of 488% compared to the average daily share volume of 77,348.

Sanatana Resources Price Performance

In terms of its recent price performance, Sanatana Resources has a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.06. The company also showcases solid liquidity with a current ratio of 5.53 and a quick ratio of 2.01. However, it should be noted that the company's debt-to-equity ratio is relatively high at 3.47. Sanatana Resources has a market capitalization of approximately C$2.55 million, and a negative P/E ratio of -2.50, with a beta of 1.32, indicating its volatility compared to the overall market.

About Sanatana Resources

Sanatana Resources Inc. is an exploration-stage company focused on acquiring, exploring, and developing mineral properties. Its primary exploration targets include copper and gold. Recently, the company entered into an option agreement to obtain an 80% interest in the Oweegee Dome project, which spans approximately 31,077 hectares in the Golden Triangle of British Columbia. Additionally, it has secured a 100% interest in the Empress Property and has an asset purchase agreement to acquire the Santoy Property, which consists of 32 mining claims covering about 551 hectares in Ontario.

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

Sanatana Resources Price Performance

About Sanatana Resources

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