Sable Resources (CVE:SAE) Shares Up 35.7% – Here’s What Happened

Sable Resources Ltd. (CVE:SAE)’s stock price shot up 35.7% during trading on Thursday . The company traded as high as C$0.10 and last traded at C$0.10. 2,419,838 shares were traded during mid-day trading, an increase of 120% from the average session volume of 1,098,039 shares. The stock had previously closed at C$0.07.

Sable Resources Stock Performance

The company has a market capitalization of C$25.58 million, a P/E ratio of 1.33 and a beta of 1.13. The business has a 50 day moving average of C$0.05 and a 200 day moving average of C$0.04. The company has a quick ratio of 40.33, a current ratio of 0.69 and a debt-to-equity ratio of 1.33.

About Sable Resources

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.