Sanatana Resources (CVE:STA) Stock Price Down 7.4% – Here’s What Happened

Shares of Sanatana Resources Inc. (CVE:STA) were down 7.4% during mid-day trading on Thursday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 127,275 shares traded hands during trading, an increase of 258% from the average daily volume of 35,553 shares. The stock had previously closed at C$0.14.

Sanatana Resources Trading Down 7.4 %

The firm has a market capitalization of C$12.73 million, a PE ratio of -12.50 and a beta of 1.32. The business’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.06. The company has a debt-to-equity ratio of 3.47, a current ratio of 5.53 and a quick ratio of 2.01.

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.