Sable Resources Ltd. (CVE:SAE – Get Free Report)’s stock price fell 25% during trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. 220,037 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 162,153 shares. The stock had previously closed at C$0.04.
Sable Resources Price Performance
The company has a quick ratio of 40.33, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The company has a market cap of C$10.05 million, a PE ratio of -0.88 and a beta of 1.08. The stock has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05.
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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