Sienna Resources (CVE:SIE) Shares Up 16.7% – Still a Buy?

Sienna Resources Inc. (CVE:SIEGet Free Report) shares shot up 16.7% during mid-day trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. 104,000 shares were traded during 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 Trading Up 16.7 %

The firm’s 50 day simple moving average is C$0.03 and its 200-day simple moving average is C$0.04. The company has a market capitalization of C$6.90 million, a PE ratio of -3.50 and a beta of 1.47. The company has a quick ratio of 2.04, a current ratio of 10.88 and a debt-to-equity ratio of 1.05.

About Sienna Resources

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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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