Sable Resources (CVE:SAE) Trading 33.3% Higher – Still a Buy?

Shares of Sable Resources Ltd. (CVE:SAE) shot up 33.3% during mid-day trading on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. 115,152 shares were traded during trading, a decline of 12% from the average session volume of 130,953 shares. The stock had previously closed at C$0.03.

Sable Resources Price Performance

The company’s 50-day moving average price is C$0.03 and its 200-day moving average price is C$0.04. 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$10.05 million, a P/E ratio of -0.88 and a beta of 1.08.

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.