Sable Resources (CVE:SAE) Trading 11.1% Higher – Still a Buy?

Sable Resources Ltd. (CVE:SAE) was up 11.1% on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 214,010 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 466,252 shares. The stock had previously closed at C$0.05.

Sable Resources Price Performance

The company has a 50 day simple moving average of C$0.06 and a 200-day simple moving average of C$0.06. The stock has a market cap of C$16.01 million, a price-to-earnings ratio of 0.83 and a beta of 1.46. The company has a current ratio of 0.69, a quick ratio of 40.33 and a debt-to-equity ratio of 1.33.

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.