Sable Resources (CVE:SAE) Shares Down 11.1%

Sable Resources Ltd. (CVE:SAE) dropped 11.1% on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 45,000 shares traded hands during trading, a decline of 71% from the average daily volume of 157,182 shares. The stock had previously closed at C$0.05.

Sable Resources Price Performance

The firm has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05. The company has a debt-to-equity ratio of 1.33, a quick ratio of 40.33 and a current ratio of 0.76. The company has a market cap of C$11.46 million, a PE ratio of -1.00 and a beta of 1.03.

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.