Sable Resources (CVE:SAE) Stock Price Up 45.5% – Here’s What Happened
by Renee Jackson · The Cerbat GemSable Resources Ltd. (CVE:SAE – Get Free Report) traded up 45.5% during mid-day trading on Thursday . The company traded as high as C$0.08 and last traded at C$0.08. 3,574,600 shares changed hands during mid-day trading, an increase of 283% from the average session volume of 934,382 shares. The stock had previously closed at C$0.06.
Sable Resources Stock Performance
The stock 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 debt-to-equity ratio of 1.33, a quick ratio of 40.33 and a current ratio of 0.69. The company’s 50 day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.04.
About Sable Resources
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.