Sable Resources (CVE:SAE) Sets New 12-Month High – What’s Next?

Sable Resources Ltd. (CVE:SAEGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.10 and last traded at C$0.09, with a volume of 1015005 shares changing hands. The stock had previously closed at C$0.08.

Sable Resources Price Performance

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

Sable Resources Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Sable Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sable Resources and related companies with MarketBeat.com's FREE daily email newsletter.