Sable Resources (CVE:SAE) Trading Down 16.7% – What’s Next?

Sable Resources Ltd. (CVE:SAE) fell 16.7% during mid-day trading on Saturday . The stock traded as low as C$0.03 and last traded at C$0.03. 758,789 shares changed hands during mid-day trading, an increase of 342% from the average session volume of 171,599 shares. The stock had previously closed at C$0.03.

Sable Resources Stock Performance

The firm’s fifty day moving average price is C$0.04 and its 200-day moving average price is C$0.04. The company has a market cap of C$7.18 million, a P/E ratio of -0.63 and a beta of 1.08. The company has a current ratio of 0.69, a quick ratio of 40.33 and a debt-to-equity ratio of 1.33.

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.