Sable Resources (CVE:SAE) Shares Up 35.7% – Here’s Why

Sable Resources Ltd. (CVE:SAE) shares rose 35.7% during mid-day trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 2,419,838 shares were traded during mid-day trading, an increase of 120% from the average daily volume of 1,098,039 shares. The stock had previously closed at C$0.07.

Sable Resources Stock Up 35.7%

The firm has a fifty day moving average price of C$0.05 and a 200 day moving average price of C$0.04. The company has a quick ratio of 40.33, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The company has a market cap of C$30.38 million, a P/E ratio of 1.58 and a beta of 1.13.

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.