Sable Resources (CVE:SAE) Trading Up 2.4% – Still a Buy?

Sable Resources Ltd. (CVE:SAE)’s share price rose 2.4% during trading on Thursday . The company traded as high as C$0.43 and last traded at C$0.43. 15,250 shares traded hands during trading, a decline of 57% from the average daily volume of 35,685 shares. The stock had previously closed at C$0.42.

Sable Resources Price Performance

The stock has a 50 day simple moving average of C$0.33 and a two-hundred day simple moving average of C$0.15. The company has a market cap of C$13.77 million, a price-to-earnings ratio of -2.05 and a beta of 1.33. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 40.33.

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.