Sable Resources (CVE:SAE) Trading Up 25%

Sable Resources Ltd. (CVE:SAE) shares traded up 25% during mid-day trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. 889,950 shares traded hands during mid-day trading, an increase of 446% from the average session volume of 163,011 shares. The stock had previously closed at C$0.04.

Sable Resources Price Performance

The stock has a market capitalization of C$14.35 million, a P/E ratio of -1.00 and a beta of 1.04. The company has a debt-to-equity ratio of 1.33, a quick ratio of 40.33 and a current ratio of 0.69. The business has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.05.

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.