Sanatana Resources (CVE:STA) Hits New 12-Month Low – Here’s Why

by · The Cerbat Gem

Sanatana Resources Inc. (CVE:STA – Get Free Report)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 32086 shares traded. The stock had previously closed at C$0.04.

Sanatana Resources Stock Down 14.3 %

The company has a current ratio of 5.53, a quick ratio of 2.01 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of C$3.06 million, a price-to-earnings ratio of -3.00 and a beta of 1.32. The firm has a 50 day moving average price of C$0.06 and a two-hundred day moving average price of C$0.07.

Sanatana Resources Company Profile

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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.

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