Sable Resources (CVE:SAE) Stock Price Up 33.3% – Here’s Why

Shares of Sable Resources Ltd. (CVE:SAE) rose 33.3% on Friday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 3,020,000 shares changed hands during trading, an increase of 1,389% from the average daily volume of 202,805 shares. The stock had previously closed at C$0.03.

Sable Resources Trading Up 33.3%

The firm has a market capitalization of C$11.48 million, a price-to-earnings ratio of -1.00 and a beta of 1.08. The business has a 50-day moving average of C$0.04 and a two-hundred day moving average of C$0.03. 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.