Sable Resources (CVE:SAE) Stock Price Down 16.7% – What’s Next?

Shares of Sable Resources Ltd. (CVE:SAE) dropped 16.7% during trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 758,789 shares traded hands during mid-day trading, an increase of 342% from the average daily volume of 171,599 shares. The stock had previously closed at C$0.03.

Sable Resources Price Performance

The stock has a market capitalization of C$7.18 million, a PE ratio of -0.63 and a beta of 1.08. The firm’s fifty day moving average price is C$0.04 and its two-hundred day moving average price 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.

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.