Sabre Gold Mines (TSE:SGLD) Trading 11.9% Higher – Here’s Why

Sabre Gold Mines Corp. (TSE:SGLDGet Free Report)’s share price was up 11.9% during mid-day trading on Tuesday . The stock traded as high as C$0.24 and last traded at C$0.24. Approximately 111,632 shares traded hands during mid-day trading, an increase of 66% from the average daily volume of 67,125 shares. The stock had previously closed at C$0.21.

Sabre Gold Mines Stock Up 11.9 %

The company has a quick ratio of 0.75, a current ratio of 0.54 and a debt-to-equity ratio of 28.82. The company has a market capitalization of C$18.72 million, a P/E ratio of -7.83 and a beta of 1.10. The firm has a fifty day simple moving average of C$0.13 and a 200-day simple moving average of C$0.12.

Sabre Gold Mines Company Profile

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Sabre Gold Mines Corp. engages in the exploration and development of mineral properties. Its 100% owned flagship property is the Copperstone gold project that covers approximately 12,258 acres of surface area and mineral rights located in La Paz County, Arizona. The company was formerly known as Arizona Gold Corp.

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