Sable Resources (CVE:SAE) Stock Price Down 16.7% – Here’s Why

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

Sable Resources Stock Performance

The stock has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. 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 stock has a market cap of C$7.18 million, a price-to-earnings ratio of -0.63 and a beta of 1.08.

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.