Sable Resources (CVE:SAE) Hits New 52-Week Low – Time to Sell?

Sable Resources Ltd. (CVE:SAE) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as C$0.35 and last traded at C$0.36, with a volume of 48000 shares. The stock had previously closed at C$0.38.

Sable Resources Stock Performance

The stock has a market cap of C$11.53 million, a P/E ratio of -1.71 and a beta of 1.20. The stock has a fifty day simple moving average of C$0.43 and a 200-day simple moving average of C$0.19. The company has a debt-to-equity ratio of 1.33, a quick ratio of 40.33 and a current ratio of 0.69.

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.