Sable Resources (CVE:SAE) Trading 25% Higher – Here’s What Happened

Sable Resources Ltd. (CVE:SAE)’s share price traded up 25% during mid-day trading on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. 3,278,605 shares traded hands during mid-day trading, an increase of 1,236% from the average session volume of 245,380 shares. The stock had previously closed at C$0.04.

Sable Resources Trading Up 25.0%

The stock has a market cap of C$15.99 million, a PE ratio of 0.83 and a beta of 0.63. 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’s fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.04.

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.