Sable Resources (CVE:SAE) Trading Down 25% – Here’s What Happened

Sable Resources Ltd. (CVE:SAE)’s share price traded down 25% during mid-day trading on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. 220,037 shares traded hands during trading, an increase of 36% from the average session volume of 162,153 shares. The stock had previously closed at C$0.04.

Sable Resources Stock Performance

The company has a market cap of C$10.05 million, a PE ratio of -0.88 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 40.33 and a current ratio of 0.69. The company’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.05.

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.