Sable Resources (CVE:SAE) Reaches New 1-Year Low – Here’s What Happened

Shares of Sable Resources Ltd. (CVE:SAE) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 920500 shares trading hands. The stock had previously closed at C$0.04.

Sable Resources Stock Performance

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 stock’s 50 day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The company has a market capitalization of C$10.05 million, a price-to-earnings ratio of -0.75 and a beta of 1.08.

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.