Sable Resources (CVE:SAE) Trading Down 16.7% – What’s Next?

Sable Resources Ltd. (CVE:SAE)’s share price dropped 16.7% on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 758,789 shares were traded during trading, an increase of 342% from the average daily volume of 171,599 shares. The stock had previously closed at C$0.03.

Sable Resources Stock Down 16.7 %

The firm has a market capitalization of C$7.18 million, a price-to-earnings ratio of -0.63 and a beta of 1.08. 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 business has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of 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.