Insider Buying: Sable Resources (CVE:SAE) Director Buys C$12,600.00 in Stock

Sable Resources Ltd. (CVE:SAE) Director Robert Peter Shaw purchased 21,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of C$0.60 per share, for a total transaction of C$12,600.00. Following the purchase, the director directly owned 147,517 shares in the company, valued at C$88,510.20. This trade represents a 16.60% increase in their position.

Robert Peter Shaw also recently made the following trade(s):

• On Tuesday, August 4th, Robert Peter Shaw acquired 6,500 shares of Sable Resources stock. The shares were bought at an average price of C$0.59 per share, with a total value of C$3,835.00.

Sable Resources Price Performance

CVE:SAE traded down C$0.05 during trading hours on Wednesday, reaching C$0.46. 16,301 shares of the company were exchanged, compared to its average volume of 38,413. The company has a current ratio of 0.69, a quick ratio of 40.33 and a debt-to-equity ratio of 1.33. The firm has a market cap of C$14.73 million, a PE ratio of 0.77 and a beta of 1.01. Sable Resources Ltd. has a twelve month low of C$0.30 and a twelve month high of C$1.05. The stock’s 50-day moving average is C$0.06 and its 200-day moving average is C$0.06.

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.