Sable Resources (CVE:SAE) Stock Price Up 42.9% – Still a Buy?

Sable Resources Ltd. (CVE:SAE) shot up 42.9% 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 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 company has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. 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 stock has a market cap of C$14.40 million, a P/E ratio of 1.00 and a beta of 0.88.

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.