Sienna Resources (CVE:SIE) Shares Up 22.2% – Should You Buy?

Sienna Resources Inc. (CVE:SIEGet Free Report)’s share price rose 22.2% on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 4,053,561 shares changed hands during trading, an increase of 609% from the average daily volume of 571,962 shares. The stock had previously closed at C$0.05.

Sienna Resources Stock Performance

The firm’s 50-day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03. The firm has a market capitalization of C$9.55 million, a price-to-earnings ratio of -5.11 and a beta of 1.47.

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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