Sable Resources (CVE:SAE) Stock Price Up 42.9% – Time to Buy?

Shares of Sable Resources Ltd. (CVE:SAE) rose 42.9% during mid-day trading on Saturday . The company traded as high as C$0.06 and last traded at C$0.05. Approximately 4,465,321 shares traded hands during mid-day trading, an increase of 1,803% from the average daily volume of 234,592 shares. The stock had previously closed at C$0.04.

Sable Resources Trading Up 42.9%

The stock has a market capitalization of C$14.40 million, a P/E ratio of 1.00 and a beta of 0.88. 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 business’s 50 day simple moving average is C$0.04 and its 200-day simple moving average is 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.