Sanatana Resources (CVE:STA) Stock Price Down 20% – Here’s What Happened

Sanatana Resources Inc. (CVE:STA) shares dropped 20% on Monday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 254,000 shares changed hands during mid-day trading, an increase of 351% from the average daily volume of 56,333 shares. The stock had previously closed at C$0.05.

Sanatana Resources Trading Down 12.5 %

The business has a 50 day moving average of C$0.07 and a two-hundred day moving average of C$0.08. 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 cap of C$3.56 million, a P/E ratio of -3.50 and a beta of 1.32.

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.