Sable Resources (CVE:SAE) Trading 33.3% Higher – Still a Buy?

Sable Resources Ltd. (CVE:SAE) traded up 33.3% on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. 115,152 shares were traded during mid-day trading, a decline of 12% from the average session volume of 130,953 shares. The stock had previously closed at C$0.03.

Sable Resources Price Performance

The company’s fifty day moving average is C$0.03 and its two-hundred day moving average is C$0.04. The firm has a market capitalization of C$10.05 million, a price-to-earnings ratio of -0.88 and a beta of 1.08. 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.