Sable Resources (CVE:SAE) Trading Down 16.7% – Here’s Why

Shares of Sable Resources Ltd. (CVE:SAE) were down 16.7% during mid-day trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 758,789 shares changed hands during 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 P/E ratio of -0.63 and a beta of 1.08. The business has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The company has a current ratio of 0.69, a quick ratio of 40.33 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.