Sable Resources Ltd. (CVE:SAE – Get Free Report)’s stock price was down 11.1% during mid-day trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 189,010 shares traded hands during trading, a decline of 22% from the average daily volume of 241,575 shares. The stock had previously closed at C$0.05.
Sable Resources Trading Down 11.1%
The firm has a 50 day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04. 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 market cap of C$12.79 million, a price-to-earnings ratio of 0.67 and a beta of 0.63.
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.
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