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

Sanatana Resources Inc. (CVE:STA) hit a new 52-week low during trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.03, with a volume of 67459 shares trading hands. The stock had previously closed at C$0.03.

Sanatana Resources Stock Performance

The firm 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 50 day moving average of C$0.04 and a 200 day moving average of C$0.07. The company has a debt-to-equity ratio of 3.47, a quick ratio of 2.01 and a current ratio of 5.53.

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.