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

Sable Resources Ltd. (CVE:SAE) rose 33.3% on Friday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 3,020,000 shares traded hands during mid-day trading, an increase of 1,389% from the average daily volume of 202,805 shares. The stock had previously closed at C$0.03.

Sable Resources Stock Up 33.3%

The firm has a market capitalization of C$11.48 million, a price-to-earnings ratio of -1.00 and a beta of 1.08. The company has a current ratio of 0.69, a quick ratio of 40.33 and a debt-to-equity ratio of 1.33. The firm has a 50 day moving average price of C$0.04 and a two-hundred day moving average price of C$0.03.

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.