Sable Resources (CVE:SAE) Shares Up 14.3% – What’s Next?

Sable Resources Ltd. (CVE:SAE)’s stock price traded up 14.3% on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. 195,000 shares changed hands during mid-day trading, an increase of 40% from the average session volume of 139,334 shares. The stock had previously closed at C$0.04.

Sable Resources Price Performance

The company has a market capitalization of C$10.05 million, a PE ratio of -0.88 and a beta of 1.08. The stock has a 50-day moving average of C$0.03 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.

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.