Sable Resources (CVE:SAE) Shares Up 33.3% – What’s Next?

Sable Resources Ltd. (CVE:SAE) shares traded up 33.3% during mid-day trading on Monday . The company traded as high as C$0.04 and last traded at C$0.04. 115,152 shares changed hands during trading, a decline of 12% from the average session volume of 130,596 shares. The stock had previously closed at C$0.03.

Sable Resources Price Performance

The firm has a fifty day moving average of C$0.03 and a two-hundred day moving average of C$0.04. The stock has a market capitalization of C$11.48 million, a P/E ratio of -1.00 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 40.33.

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.