Sable Resources (CVE:SAE) Hits New 52-Week Low – Should You Sell?

Sable Resources Ltd. (CVE:SAE)’s stock price reached a new 52-week low on Wednesday. The company traded as low as C$0.30 and last traded at C$0.30, with a volume of 42,000 shares traded. The stock had previously closed at C$0.30.

Sable Resources Stock Performance

The company has a market cap of C$9.61 million, a price-to-earnings ratio of -1.43 and a beta of 1.20. The stock’s fifty day simple moving average is C$0.41 and its two-hundred day simple moving average is C$0.17. The company has a debt-to-equity ratio of 1.33, a quick ratio of 40.33 and a current ratio of 0.69.

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.