Sable Resources (CVE:SAE) Stock Price Up 14.3% – Here’s What Happened

Sable Resources Ltd. (CVE:SAE)’s share price shot up 14.3% during trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. 117,288 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 207,564 shares. The stock had previously closed at C$0.04.

Sable Resources Stock Down 12.5%

The business’s fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The firm has a market capitalization of C$10.05 million, a price-to-earnings ratio of -0.88 and a beta of 1.08. 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.