Sable Resources (CVE:SAE) Trading 18.2% Higher – Should You Buy?

Sable Resources Ltd. (CVE:SAE)’s stock price rose 18.2% during mid-day trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 2,082,700 shares changed hands during mid-day trading, an increase of 152% from the average daily volume of 827,461 shares. The stock had previously closed at C$0.06.

Sable Resources Stock Up 45.5%

The firm has a fifty day moving average of C$0.04 and a 200-day moving average 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 firm has a market cap of C$25.58 million, a P/E ratio of 1.33 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.