Sable Resources (CVE:SAE) Shares Up 28.6%

Sable Resources Ltd. (CVE:SAE) rose 28.6% during trading on Monday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 821,032 shares changed hands during mid-day trading, an increase of 409% from the average daily volume of 161,165 shares. The stock had previously closed at C$0.04.

Sable Resources Price Performance

The stock has a market cap of C$11.48 million, a price-to-earnings ratio of -1.00 and a beta of 1.04. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.76 and a quick ratio of 40.33. The stock’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.05.

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.