Shares of Sable Resources Ltd. (CVE:SAE – Get Free Report) shot up 9.1% on Monday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 175,000 shares changed hands during trading, a decline of 58% from the average daily volume of 417,839 shares. The stock had previously closed at C$0.06.
Sable Resources Price Performance
The stock has a market cap of C$20.82 million, a P/E ratio of 1.08 and a beta of 1.21. The company has a debt-to-equity ratio of 1.33, a quick ratio of 40.33 and a current ratio of 0.69. The firm has a 50-day moving average price of C$0.06 and a 200-day moving average price of C$0.06.
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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