Sable Resources (CVE:SAE) Reaches New 1-Year High – Here’s Why
by Scott Moore · The Cerbat GemSable Resources Ltd. (CVE:SAE – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$0.06 and last traded at C$0.06, with a volume of 1231288 shares. The stock had previously closed at C$0.06.
Sable Resources Stock Up 9.1%
The company has a quick ratio of 40.33, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of C$19.19 million, a price-to-earnings ratio of 1.00 and a beta of 1.13. The firm has a 50-day moving average of C$0.04 and a two-hundred day moving average of 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.