Sable Resources (CVE:SAE) Trading Up 2% – Here’s What Happened
by Tristan Rich · The Markets DailySable Resources Ltd. (CVE:SAE – Get Free Report) shot up 2% during trading on Thursday . The company traded as high as C$0.51 and last traded at C$0.50. Approximately 12,008 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 37,789 shares. The stock had previously closed at C$0.49.
Sable Resources Stock Up 4.0%
The company has a market cap of C$16.65 million, a PE ratio of 0.87 and a beta of 1.01. The company’s 50 day moving average is C$0.21 and its 200 day moving average is C$0.11. The company has a current ratio of 0.69, a quick ratio of 40.33 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.