Sable Resources (CVE:SAE) Hits New 12-Month High – Still a Buy?

Sable Resources Ltd. (CVE:SAE)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.60 and last traded at C$0.58, with a volume of 13026 shares changing hands. The stock had previously closed at C$0.45.

Sable Resources Stock Performance

The business has a 50-day simple moving average of C$0.07 and a 200 day simple moving average of C$0.07. 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 firm has a market cap of C$14.57 million, a PE ratio of 0.76 and a beta of 1.01.

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.