Sable Resources Ltd. (CVE:SAE – Get Free Report)’s share price rose 16.7% during trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. 501,000 shares were traded during trading, an increase of 184% from the average daily volume of 176,642 shares. The stock had previously closed at C$0.03.
Sable Resources Stock Performance
The company has a quick ratio of 40.33, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The stock has a market cap of C$10.05 million, a price-to-earnings ratio of -0.88 and a beta of 1.08. The company’s fifty day moving average is C$0.03 and its two-hundred day moving average is C$0.04.
Sable Resources Company Profile
Sable Resources Ltd. engages in the acquisition, exploration, and development of mineral resource properties in Mexico and Argentina. The company explores for gold, silver, copper, lead, zinc, and other deposits. It holds 100% interests in the Don Julio project covering an area of 63,314 hectares; the El Fierro project covering an area of 58,510 hectares; the El Fierrazo project, the Los Pumas project, and the Laspina project located in San Juan Province, Argentina; and the Vinata project and the El Escarpe project located in Mexico.
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