Sable Resources (CVE:SAE) Shares Down 8.3% – Here’s What Happened

Sable Resources Ltd. (CVE:SAE) shares fell 8.3% during trading on Friday . The company traded as low as C$0.06 and last traded at C$0.06. 156,000 shares were traded during mid-day trading, a decline of 75% from the average session volume of 621,603 shares. The stock had previously closed at C$0.06.

Sable Resources Trading Down 8.3%

The company has a 50 day moving average price of C$0.07 and a 200 day moving average price of C$0.05. The firm has a market cap of C$17.59 million, a price-to-earnings ratio of 0.92 and a beta of 1.18. The company has a debt-to-equity ratio of 1.33, a quick ratio of 40.33 and a current ratio of 0.69.

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.