Sable Resources Ltd. (CVE:SAE – Get Free Report) shares shot up 33.3% during mid-day trading on Monday . The company traded as high as C$0.04 and last traded at C$0.04. 229,331 shares changed hands during trading, an increase of 11% from the average session volume of 206,573 shares. The stock had previously closed at C$0.03.
Sable Resources Stock Performance
The firm’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.03. The firm has a market capitalization of C$11.48 million, a price-to-earnings ratio of -1.00 and a beta of 1.08. 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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