Sable Resources (CVE:SAE) Trading Up 18.2% – Here’s Why
by Amy Steele · The Cerbat GemSable Resources Ltd. (CVE:SAE – Get Free Report) shares traded up 18.2% during mid-day trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.07. 2,082,700 shares were traded during mid-day trading, an increase of 152% from the average session volume of 827,461 shares. The stock had previously closed at C$0.06.
Sable Resources Stock Performance
The company has a market cap of C$25.58 million, a price-to-earnings ratio of 1.33 and a beta of 1.13. 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 business’s fifty day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.04.
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.