Sable Resources (CVE:SAE) Shares Down 8.3% – Should You Sell?

Sable Resources Ltd. (CVE:SAE)’s stock price dropped 8.3% during trading on Friday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 156,000 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 621,603 shares. The stock had previously closed at C$0.06.

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 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.05. The stock has a market cap of C$17.59 million, a price-to-earnings ratio of 0.92 and a beta of 1.18.

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.