Sable Resources (CVE:SAE) Trading 33.3% Higher – Here’s What Happened

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

Sable Resources Stock Performance

The company has a debt-to-equity ratio of 1.33, a quick ratio of 40.33 and a current ratio of 0.69. The company has a market cap of C$11.48 million, a price-to-earnings ratio of -1.00 and a beta of 1.08. The company has a fifty day moving average of C$0.04 and a two-hundred day moving average of C$0.03.

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.