Sable Resources (CVE:SAE) Shares Down 16.7% – Here’s What Happened

Sable Resources Ltd. (CVE:SAE) dropped 16.7% during mid-day trading on Saturday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 758,789 shares traded hands during mid-day 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’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.04. 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.

About Sable Resources

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.