Shares of Sable Resources Ltd. (CVE:SAE – Get Rating) were down 10% during mid-day trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 235,765 shares were traded during trading, a decline of 34% from the average daily volume of 358,673 shares. The stock had previously closed at C$0.10.
Sable Resources Stock Performance
The stock has a fifty day simple moving average of C$0.16 and a 200-day simple moving average of C$0.21. The stock has a market cap of C$25.77 million and a P/E ratio of -2.05. The company has a debt-to-equity ratio of 0.62, a quick ratio of 29.87 and a current ratio of 30.11.
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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