Sable Resources (CVE:SAE) Trading Up 45.5% – Here’s What Happened

Sable Resources Ltd. (CVE:SAE) was up 45.5% on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 3,574,600 shares changed hands during mid-day trading, an increase of 283% from the average daily volume of 934,382 shares. The stock had previously closed at C$0.06.

Sable Resources Stock Performance

The firm has a fifty day simple moving average of C$0.05 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. The stock has a market cap of C$25.58 million, a price-to-earnings ratio of 1.33 and a beta of 1.13.

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.