Sable Resources (CVE:SAE) Trading 14.3% Higher – Here’s What Happened

Shares of Sable Resources Ltd. (CVE:SAE) were up 14.3% during trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 117,288 shares were traded during trading, a decline of 43% from the average daily volume of 207,564 shares. The stock had previously closed at C$0.04.

Sable Resources Trading Up 14.3%

The company has a market capitalization of C$11.48 million, a price-to-earnings ratio of -1.00 and a beta of 1.08. The business has a fifty day moving average price of C$0.04 and a 200 day moving average price of 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.