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

Sable Resources Ltd. (CVE:SAE) fell 25% on Friday . The company traded as low as C$0.03 and last traded at C$0.03. 220,037 shares were traded during trading, an increase of 36% from the average session volume of 162,153 shares. The stock had previously closed at C$0.04.

Sable Resources Price Performance

The stock has a 50 day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.05. The company has a market cap of C$10.05 million, a price-to-earnings ratio of -0.88 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 40.33.

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.