Sable Resources (CVE:SAE) Trading 28.6% Higher – Time to Buy?

Sable Resources Ltd. (CVE:SAEGet Free Report)’s share price was up 28.6% during mid-day trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.09. Approximately 663,254 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 988,102 shares. The stock had previously closed at C$0.07.

Sable Resources Trading Up 21.4%

The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 40.33. The company has a market cap of C$27.18 million, a PE ratio of 1.42 and a beta of 1.13. The company has a 50-day moving average of C$0.05 and a 200 day moving average of C$0.04.

About Sable Resources

(Get Free Report)

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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