Shares of Sable Resources Ltd. (CVE:SAE – Get Free Report) fell 11.1% on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. 130,750 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 173,481 shares. The stock had previously closed at C$0.05.
Sable Resources Stock Down 11.1 %
The firm has a market cap of C$11.46 million, a price-to-earnings ratio of -0.90 and a beta of 1.13. The firm’s fifty day moving average is C$0.05 and its two-hundred day moving average is C$0.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 40.33.
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.
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