Sable Resources (CVE:SAE) Shares Up 25% – Should You Buy?

Sable Resources Ltd. (CVE:SAEGet Free Report)’s stock price traded up 25% on Friday . The company traded as high as C$0.05 and last traded at C$0.05. 3,278,605 shares were traded during trading, an increase of 1,236% from the average session volume of 245,380 shares. The stock had previously closed at C$0.04.

Sable Resources Trading Up 12.5%

The firm has a market capitalization of C$14.39 million, a PE ratio of 0.75 and a beta of 0.63. The firm 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 current ratio of 0.69, a quick ratio of 40.33 and a debt-to-equity ratio of 1.33.

Sable Resources Company Profile

(Get Free Report)

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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