Sable Resources (CVE:SAE) Trading Down 25% – Here’s What Happened

Shares of Sable Resources Ltd. (CVE:SAE) dropped 25% during mid-day trading on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 220,037 shares were traded during trading, an increase of 36% from the average daily volume of 162,153 shares. The stock had previously closed at C$0.04.

Sable Resources Price 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 has a 50-day moving average price of C$0.04 and a 200 day moving average price of C$0.05. The stock has a market capitalization of C$10.05 million, a price-to-earnings ratio of -0.88 and a beta of 1.08.

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.