Sable Resources (CVE:SAE) Stock Price Down 8.3% – Time to Sell?
by Tristan Rich · The Markets DailySable Resources Ltd. (CVE:SAE – Get Free Report) fell 8.3% during trading on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.06. 210,000 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 574,977 shares. The stock had previously closed at C$0.06.
Sable Resources Trading Down 8.3%
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 has a 50-day simple moving average of C$0.07 and a 200 day simple moving average of C$0.05. The company has a market capitalization of C$17.59 million, a P/E ratio of 0.92 and a beta of 1.56.
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.