Sienna Resources (CVE:SIE) Experiences 16.7% Surge - Here's What Transpired

Sienna Resources Inc. (CVE:SIE – Get Free Report) saw a significant increase of 16.7% in its trading value on Wednesday. The stock peaked at C$0.04 during the trading session and settled at the same price at the end of the day. A total of 104,000 shares were traded, which marks a 72% decrease compared to its average daily trading volume of 372,669 shares. Previously, the stock had closed at C$0.03.

Details of Sienna Resources Trading Performance

The current trading performance of Sienna Resources includes a 50-day moving average of C$0.03 and a 200-day moving average of C$0.04. The company has a market capitalization of C$6.90 million and presents a PE ratio of -3.50, indicating its earnings losses. The stock exhibits a beta of 1.47, suggesting that it is more volatile relative to the broader market. In terms of financial metrics, Sienna Resources maintains a debt-to-equity ratio of 1.05, a quick ratio of 2.04, and a current ratio of 10.88, which indicates a strong liquidity position.

About Sienna Resources

Sienna Resources Inc specializes in the acquisition, exploration, and assessment of mineral properties across Canada and the United States. The company primarily focuses on the exploration of valuable mineral deposits such as platinum, palladium, and lithium. Notably, Sienna Resources was formerly operated under the name Habanero Resources Inc before rebranding in January 2014.

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