Sable Resources (CVE:SAE) Trading Up 35.7% – Still a Buy?

Shares of Sable Resources Ltd. (CVE:SAE) were up 35.7% during trading on Wednesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 2,419,838 shares changed hands during mid-day trading, an increase of 120% from the average daily volume of 1,098,039 shares. The stock had previously closed at C$0.07.

Sable Resources Trading Down 5.9%

The company has a current ratio of 0.69, a quick ratio of 40.33 and a debt-to-equity ratio of 1.33. The company has a fifty day moving average price of C$0.05 and a two-hundred day moving average price of C$0.04. The firm has a market capitalization of C$25.58 million, a price-to-earnings ratio of 1.33 and a beta of 1.13.

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.