Sable Resources (CVE:SAE) Sets New 52-Week High – Here’s What Happened

Sable Resources Ltd. (CVE:SAEGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$0.06 and last traded at C$0.06, with a volume of 7818 shares traded. The stock had previously closed at C$0.06.

Sable Resources Stock Performance

The firm has a market capitalization of C$17.59 million, a price-to-earnings ratio of 0.92 and a beta of 1.13. 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 stock’s fifty day moving average is C$0.04 and its two-hundred day moving average is C$0.04.

About Sable Resources

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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.

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