Sable Resources Ltd. (CVE:SAE – Get Free Report) shares were up 28.6% during trading on Monday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 821,032 shares changed hands during trading, an increase of 409% from the average daily volume of 161,165 shares. The stock had previously closed at C$0.04.
Sable Resources Trading Up 14.3 %
The stock has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05. 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 company has a market cap of C$11.48 million, a price-to-earnings ratio of -1.00 and a beta of 1.04.
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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