Shares of Sable Resources Ltd. (CVE:SAE – Get Free Report) were up 42.9% on Saturday . The stock traded as high as C$0.06 and last traded at C$0.05. Approximately 4,465,321 shares changed 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 Stock Performance
The company has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of 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 stock has a market capitalization of C$14.40 million, a P/E ratio of 1.00 and a beta of 0.88.
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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