Sable Resources (CVE:SAE) Trading Up 33.3% – What’s Next?

Shares of Sable Resources Ltd. (CVE:SAE) were 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. 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 Stock Performance

The firm has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.03. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 40.33. 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.

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.