Sable Resources (CVE:SAE) Hits New 52-Week Low – Time to Sell?

Sable Resources Ltd. (CVE:SAE) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.04, with a volume of 710967 shares changing hands. The stock had previously closed at C$0.04.

Sable Resources Price Performance

The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 40.33. The company has a market capitalization of C$10.05 million, a price-to-earnings ratio of -0.88 and a beta of 1.08. The firm has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04.

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.