Sable Resources (CVE:SAE) Shares Up 25% – Here’s What Happened

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

Sable Resources Stock Up 25.0%

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 company has a 50 day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The company has a market capitalization of C$15.99 million, a P/E ratio of 0.83 and a beta of 0.63.

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.