Sable Resources Ltd. (CVE:SAE – Get Free Report)’s share price rose 16.7% during mid-day trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 550,028 shares changed hands during mid-day trading, an increase of 167% from the average daily volume of 206,048 shares. The stock had previously closed at C$0.03.
Sable Resources Stock Up 16.7%
The business’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.04. The firm has a market capitalization of C$10.08 million, a PE ratio of 0.70 and a beta of 0.88. 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.
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