Sable Resources (CVE:SAE) Stock Price Down 11.1%

Sable Resources Ltd. (CVE:SAE)’s share price dropped 11.1% on Monday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 45,000 shares traded hands during trading, a decline of 71% from the average daily volume of 157,182 shares. The stock had previously closed at C$0.05.

Sable Resources Trading Down 11.1 %

The stock has a market cap of C$11.46 million, a PE ratio of -1.13 and a beta of 1.03. The stock has a 50-day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.76 and a quick ratio of 40.33.

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.