Sable Resources (CVE:SAE) Stock Price Up 33.3% – Here’s Why

Sable Resources Ltd. (CVE:SAE)’s stock price shot up 33.3% during trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. 229,331 shares traded hands during mid-day trading, an increase of 11% from the average session volume of 206,573 shares. The stock had previously closed at C$0.03.

Sable Resources Trading Up 33.3%

The company’s 50-day moving average is C$0.04 and its 200 day moving average is C$0.03. 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 market cap of C$11.48 million, a PE ratio of -1.00 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.