Shares of Sable Resources Ltd. (CVE:SAE – Get Free Report) traded up 28.6% during trading on Monday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 821,032 shares traded hands during trading, an increase of 409% from the average daily volume of 161,165 shares. The stock had previously closed at C$0.04.
Sable Resources Stock Performance
The firm has a market cap of C$11.48 million, a price-to-earnings ratio of -1.00 and a beta of 1.04. The firm’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.76 and a quick ratio of 40.33.
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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