Sable Resources (CVE:SAE) Stock Price Up 14.3% – Still a Buy?

Sable Resources Ltd. (CVE:SAE)’s stock price shot up 14.3% during trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. 117,288 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 207,564 shares. The stock had previously closed at C$0.04.

Sable Resources Price Performance

The stock has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The company has a market cap of C$10.05 million, a PE ratio of -0.88 and a beta of 1.08. The company has a quick ratio of 40.33, a current ratio of 0.69 and a debt-to-equity ratio of 1.33.

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.