Sable Resources (CVE:SAE) Shares Down 7.7%

Sable Resources Ltd. (CVE:SAE)’s share price traded down 7.7% during mid-day trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.06. 108,846 shares changed hands during trading, a decline of 31% from the average session volume of 157,101 shares. The stock had previously closed at C$0.07.

Sable Resources Price Performance

The company has a market capitalization of C$17.19 million, a PE ratio of -1.20 and a beta of 1.19. The company’s 50-day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05. The company has a debt-to-equity ratio of 1.33, a quick ratio of 40.33 and a current ratio of 0.94.

Sable Resources Company Profile

Sable Resources Ltd. engages in the acquisition, exploration, and development of mineral resource properties in Mexico and Argentina. It explores for gold, silver, copper, lead, zinc, and other deposits. The company 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.