Sable Resources Ltd. (CVE:SAE – Get Free Report)’s stock price shot up 42.9% during mid-day trading on Saturday . The company traded as high as C$0.06 and last traded at C$0.05. 4,465,321 shares changed hands during mid-day trading, an increase of 1,803% from the average session volume of 234,592 shares. The stock had previously closed at C$0.04.
Sable Resources Stock Performance
The firm has a market cap of C$14.40 million, a price-to-earnings ratio of 1.00 and a beta of 0.88. The company has a quick ratio of 40.33, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The stock has a fifty day moving average price of C$0.04 and a 200-day moving average price of C$0.04.
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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