Sable Resources (CVE:SAE) Stock Price Up 45.5% – Here’s Why

Sable Resources Ltd. (CVE:SAE) shot up 45.5% during trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. 3,574,600 shares changed hands during trading, an increase of 283% from the average session volume of 934,382 shares. The stock had previously closed at C$0.06.

Sable Resources Price Performance

The firm has a market capitalization of C$25.58 million, a PE ratio of 1.33 and a beta of 1.13. The firm’s fifty day moving average price is C$0.05 and its 200 day moving average price is C$0.04. 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.