Sable Resources (CVE:SAE) Trading Up 14.3% – Time to Buy?

Sable Resources Ltd. (CVE:SAE) traded up 14.3% on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 117,288 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 207,564 shares. The stock had previously closed at C$0.04.

Sable Resources Trading Down 12.5%

The business’s 50 day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. 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 stock has a market capitalization of C$10.05 million, a P/E ratio of -0.88 and a beta of 1.08.

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.