Sable Resources (CVE:SAE) Reaches New 1-Year Low – Should You Sell?

Sable Resources Ltd. (CVE:SAE)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 152559 shares trading hands. The stock had previously closed at C$0.03.

Sable Resources Stock Performance

The company has a quick ratio of 40.33, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of C$7.18 million, a P/E ratio of -0.63 and a beta of 1.08. The company’s 50 day moving average is C$0.04 and its 200-day 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.