Sable Resources Ltd. (CVE:SAE – Get Free Report) fell 14.3% during trading on Saturday . The company traded as low as C$0.03 and last traded at C$0.03. 173,000 shares changed hands during trading, a decline of 16% from the average session volume of 205,880 shares. The stock had previously closed at C$0.04.
Sable Resources Stock Performance
The stock’s 50 day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The company has a current ratio of 0.69, a quick ratio of 40.33 and a debt-to-equity ratio of 1.33. The company has a market cap of C$8.61 million, a price-to-earnings ratio of -0.75 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.
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