Sable Resources Ltd. (CVE:SAE – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.04, with a volume of 265200 shares changing hands. The stock had previously closed at C$0.04.
Sable Resources Stock Performance
The firm’s 50-day moving average is C$0.04 and its 200 day moving average is C$0.05. 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 current ratio of 0.69, a quick ratio of 40.33 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.
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