Sienna Resources (CVE:SIE) Stock Price Up 16.7% – Should You Buy?

by · The Markets Daily

Shares of Sienna Resources Inc. (CVE:SIE – Get Free Report) shot up 16.7% on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 104,000 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 372,669 shares. The stock had previously closed at C$0.03.

Sienna Resources Stock Performance

The company has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of 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 current ratio of 10.88 and a quick ratio of 2.04.

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.

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