Sable Resources (CVE:SAE) Trading 18.2% Higher – Still a Buy?
by Kim Johansen · The Markets DailyShares of Sable Resources Ltd. (CVE:SAE – Get Free Report) traded up 18.2% on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07. 1,298,600 shares changed hands during mid-day trading, an increase of 78% from the average session volume of 729,311 shares. The stock had previously closed at C$0.06.
Sable Resources Price Performance
The company has a market capitalization of C$25.58 million, a price-to-earnings ratio of 1.33 and a beta of 1.13. The company has a current ratio of 0.69, a quick ratio of 40.33 and a debt-to-equity ratio of 1.33. The company’s 50 day simple moving average is C$0.05 and its 200-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.