Sienna Resources (CVE:SIE) Shares Up 16.7% – Still a Buy?

Sienna Resources Inc. (CVE:SIEGet Free Report) was up 16.7% during mid-day trading on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 104,000 shares were traded during trading, a decline of 72% from the average daily volume of 372,669 shares. The stock had previously closed at C$0.03.

Sienna Resources Trading Up 16.7 %

The company has a current ratio of 10.88, a quick ratio of 2.04 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.04. The company has a market capitalization of C$6.90 million, a price-to-earnings ratio of -3.50 and a beta of 1.47.

About Sienna Resources

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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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