Sable Resources Ltd. (CVE:SAE – Get Rating) fell 2.4% during mid-day trading on Monday . The stock traded as low as C$0.20 and last traded at C$0.20. 190,786 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 306,078 shares. The stock had previously closed at C$0.21.
Sable Resources Stock Performance
The company has a debt-to-equity ratio of 0.52, a current ratio of 9.89 and a quick ratio of 9.84. The company's 50-day moving average price is C$0.22 and its two-hundred day moving average price is C$0.23. The company has a market capitalization of C$56.11 million and a price-to-earnings ratio of -4.55.
About Sable Resources
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Sable Resources Ltd. engages in the acquisition, exploration, and development of mineral resource properties in Mexico and Argentina. It explores for gold, silver, copper, lead, zinc, and other deposits. The company 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.
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