Sienna Resources (CVE:SIE) Trading Up 16.7% – Here’s What Happened
Sienna Resources Inc. (CVE:SIE) experienced a notable increase of 16.7% in trading on Wednesday. During the session, the stock peaked at C$0.04 before closing at the same price. A total of 104,000 shares were traded, which is a significant decrease of 72% compared to the average trading volume of 372,669 shares. The previous closing price for the stock was C$0.03.
Recent Stock Performance
The current stock has a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.04. Sienna Resources has a market capitalization of C$6.90 million. Its price-to-earnings (PE) ratio stands at -3.50, indicating potential concerns related to profitability. The stock's beta value is 1.47, suggesting it is more volatile in comparison to the overall market. In terms of financial health, the company has a debt-to-equity ratio of 1.05, a quick ratio of 2.04, and a current ratio of 10.88.
About Sienna Resources
Sienna Resources Inc. is actively involved in acquiring, exploring, and evaluating mineral properties primarily in Canada and the United States. The company focuses on exploring for valuable deposits, including platinum, palladium, and lithium. Notably, Sienna Resources was formerly known as Habanero Resources Inc., changing its name to its current designation in January 2014.
Additional Information
For those interested in staying informed about Sienna Resources, an option is available to receive a daily summary of the latest news and analysts' ratings, keeping investors up to date on any significant developments regarding the company.
Sienna, Stocks, Trading