Sable Resources (CVE:SAE) Stock Price Up 45.5% – Here’s Why

Shares of Sable Resources Ltd. (CVE:SAE) rose 45.5% during trading on Thursday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 3,574,600 shares were traded during mid-day trading, an increase of 283% from the average daily volume of 934,382 shares. The stock had previously closed at C$0.06.

Sable Resources Stock Up 45.5%

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 firm’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04. 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.

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.