Sable Resources (CVE:SAE) Trading Up 14.3% – Time to Buy?

Sable Resources Ltd. (CVE:SAE)’s share price rose 14.3% during mid-day trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 117,288 shares changed hands 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 firm has a market cap of C$11.48 million, a P/E ratio of -1.00 and a beta of 1.08. The company has a 50 day moving average of C$0.04 and a 200 day moving average of C$0.04. The company has a debt-to-equity ratio of 1.33, a quick ratio of 40.33 and a current ratio of 0.69.

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.