Sable Resources (CVE:SAE) Trading 35.7% Higher – Here’s What Happened

Sable Resources Ltd. (CVE:SAE) rose 35.7% during mid-day trading on Thursday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 2,419,838 shares traded hands during 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 Price Performance

The business has a fifty day moving average of C$0.05 and a 200 day moving average of C$0.04. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 40.33. The stock has a market cap of C$25.58 million, a PE ratio of 1.33 and a beta of 1.13.

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.