Sable Resources (CVE:SAE) Trading Up 45.5% – Time to Buy?

Sable Resources Ltd. (CVE:SAE)’s stock price rose 45.5% on Thursday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 3,574,600 shares traded hands during mid-day trading, an increase of 293% from the average daily volume of 909,989 shares. The stock had previously closed at C$0.06.

Sable Resources Stock Performance

The company has a market capitalization of C$25.58 million, a P/E ratio of 1.33 and a beta of 1.13. The company’s 50 day moving average is C$0.05 and its 200-day moving average is C$0.04. The company has a current ratio of 0.69, a quick ratio of 40.33 and a debt-to-equity ratio of 1.33.

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.