Sable Resources (CVE:SAE) Trading Up 45.5% – Time to Buy?
by Mitch Edgeman · The Markets DailySable Resources Ltd. (CVE:SAE – Get Free Report) traded up 45.5% during trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. 3,574,600 shares were traded during trading, an increase of 283% from the average session volume of 934,382 shares. The stock had previously closed at C$0.06.
Sable Resources Price Performance
The stock has a market cap of C$25.58 million, a P/E ratio of 1.33 and a beta of 1.13. The business has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The company has a current ratio of 0.69, a quick ratio of 40.33 and a debt-to-equity ratio of 1.33.
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.