Sable Resources Ltd. (CVE:SAE – Get Free Report)’s share price shot up 28.6% during mid-day trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.09. 663,254 shares were traded during trading, a decline of 33% from the average session volume of 988,102 shares. The stock had previously closed at C$0.07.
Sable Resources Stock Up 21.4%
The company has a quick ratio of 40.33, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The firm’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.04. The firm has a market cap of C$27.18 million, a P/E ratio of 1.42 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.
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