Sable Resources (CVE:SAE) Shares Down 14.3% – What’s Next?

Sable Resources Ltd. (CVE:SAE)’s share price traded down 14.3% on Saturday . The company traded as low as C$0.03 and last traded at C$0.03. 173,000 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 205,880 shares. The stock had previously closed at C$0.04.

Sable Resources Price Performance

The stock has a market capitalization of C$8.61 million, a P/E ratio of -0.75 and a beta of 1.08. The business’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04. The company has a quick ratio of 40.33, a current ratio of 0.69 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.