Sable Resources (CVE:SAE) Shares Up 45.5% – What’s Next?
by Sarita Garza · The Markets DailySable Resources Ltd. (CVE:SAE – Get Free Report)’s stock price shot up 45.5% during mid-day trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. 3,574,600 shares traded hands during mid-day trading, an increase of 293% from the average session volume of 909,989 shares. The stock had previously closed at C$0.06.
Sable Resources Stock Up 45.5%
The firm has a market capitalization of C$25.58 million, a P/E ratio of 1.33 and a beta of 1.13. The firm’s fifty day moving average price is C$0.04 and its 200-day moving average price is C$0.04. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 40.33.
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.