Sable Resources (CVE:SAE) Shares Down 11.1%

Sable Resources Ltd. (CVE:SAE)’s share price traded down 11.1% during mid-day trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. 130,750 shares changed 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 Performance

The firm has a fifty day moving average of C$0.05 and a 200-day moving average of C$0.05. The firm has a market cap of C$11.46 million, a P/E ratio of -0.90 and a beta of 1.13. The company has a quick ratio of 40.33, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

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.