Sable Resources Ltd. (CVE:SAE – Get Free Report)’s stock price was down 20% during trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 297,000 shares traded hands during mid-day trading, an increase of 85% from the average daily volume of 160,586 shares. The stock had previously closed at C$0.05.
Sable Resources Trading Down 10.0 %
The company’s fifty day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.05. The company has a market capitalization of C$12.92 million, a price-to-earnings ratio of -1.13 and a beta of 1.04. The company has a quick ratio of 40.33, a current ratio of 0.69 and a debt-to-equity ratio of 1.33.
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.
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