Sable Resources (CVE:SAE) Stock Price Up 45.5% – Here’s What Happened
by Scott Moore · The Cerbat GemSable Resources Ltd. (CVE:SAE – Get Free Report) was up 45.5% on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 3,574,600 shares were traded during trading, an increase of 293% from the average daily volume of 909,989 shares. The stock had previously closed at C$0.06.
Sable Resources Trading Up 45.5%
The stock has a market cap of C$25.58 million, a PE ratio of 1.33 and a beta of 1.13. The business’s fifty day moving average is C$0.04 and its 200 day moving average is C$0.04. The company has a quick ratio of 40.33, a current ratio of 0.69 and a debt-to-equity ratio of 1.33.
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.