Sienna Resources (CVE:SIE) Shares Up 16.7% – Time to Buy?

by · The Markets Daily

Sienna Resources Inc. (CVE:SIE – Get Free Report) shares were up 16.7% on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 104,000 shares changed hands during mid-day 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 Stock Performance

The company’s 50 day moving average price is C$0.03 and its 200-day moving average price is C$0.04. The stock has a market cap of C$6.90 million, a P/E ratio of -3.50 and a beta of 1.47. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.04 and a current ratio of 10.88.

Sienna Resources Company Profile

(Get Free Report)

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.

Further Reading