Sable Resources (CVE:SAE) Shares Up 9.1% – Should You Buy?

Sable Resources Ltd. (CVE:SAE)’s stock price traded up 9.1% on Monday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 175,000 shares traded hands during trading, a decline of 58% from the average daily volume of 417,839 shares. The stock had previously closed at C$0.06.

Sable Resources Price Performance

The company has a 50-day moving average of C$0.06 and a 200-day moving average of C$0.06. The company has a debt-to-equity ratio of 1.33, a quick ratio of 40.33 and a current ratio of 0.69. The firm has a market capitalization of C$19.21 million, a price-to-earnings ratio of 1.00 and a beta of 1.21.

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.