Sable Resources (CVE:SAE) Shares Down 16.7% – Should You Sell?

Sable Resources Ltd. (CVE:SAE)’s share price traded down 16.7% during mid-day trading on Saturday . The company traded as low as C$0.03 and last traded at C$0.03. 758,789 shares were traded during mid-day trading, an increase of 342% from the average session volume of 171,599 shares. The stock had previously closed at C$0.03.

Sable Resources Price Performance

The business’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The company has a market capitalization of C$7.18 million, a P/E ratio of -0.63 and a beta of 1.08. The company has a quick ratio of 40.33, a current ratio of 0.69 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.