Sable Resources (CVE:SAE) Trading 35.7% Higher – Still a Buy?

Sable Resources Ltd. (CVE:SAE) shares rose 35.7% on Wednesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 2,419,838 shares were traded during mid-day trading, an increase of 120% from the average daily volume of 1,098,039 shares. The stock had previously closed at C$0.07.

Sable Resources Trading Up 35.7%

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 business has a 50 day moving average price of C$0.05 and a 200-day moving average price of C$0.04. The firm has a market capitalization of C$30.38 million, a PE ratio of 1.58 and a beta of 1.13.

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.