Sable Resources (CVE:SAE) Sets New 12-Month Low – What’s Next?

Sable Resources Ltd. (CVE:SAE)’s share price reached a new 52-week low during trading on Thursday. The company traded as low as C$0.35 and last traded at C$0.36, with a volume of 48000 shares. The stock had previously closed at C$0.38.

Sable Resources Stock Performance

The stock has a market capitalization of C$11.53 million, a P/E ratio of -1.71 and a beta of 1.20. The company has a quick ratio of 40.33, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The stock has a 50 day simple moving average of C$0.43 and a two-hundred day simple moving average of C$0.19.

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.