Sable Resources (CVE:SAE) Stock Price Down 11.1% – Should You Sell?

Shares of Sable Resources Ltd. (CVE:SAE) traded down 11.1% during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. 189,010 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 241,575 shares. The stock had previously closed at C$0.05.

Sable Resources Price Performance

The stock has a market cap of C$12.79 million, a P/E ratio of 0.67 and a beta of 0.63. The company has a current ratio of 0.69, a quick ratio of 40.33 and a debt-to-equity ratio of 1.33. The company’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04.

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.