Sable Resources Ltd. (CVE:SAE – Get Free Report)’s stock price was up 16.7% on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 501,000 shares changed hands 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 Price Performance
The company has a debt-to-equity ratio of 1.33, a quick ratio of 40.33 and a current ratio of 0.69. The company has a market capitalization of C$10.05 million, a PE ratio of -0.88 and a beta of 1.08. The company’s 50-day simple moving average is C$0.03 and its 200-day simple moving average is C$0.04.
About Sable Resources
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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