Sienna Resources (CVE:SIE) Shares Up 22.2% – Time to Buy?

Shares of Sienna Resources Inc. (CVE:SIEGet Free Report) rose 22.2% during trading on Monday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 4,053,561 shares changed hands during mid-day trading, an increase of 636% from the average daily volume of 550,775 shares. The stock had previously closed at C$0.05.

Sienna Resources Stock Performance

The company has a market capitalization of C$9.55 million, a price-to-earnings ratio of -5.11 and a beta of 1.47. The company has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03.

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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