Sable Resources (CVE:SAE) Reaches New 12-Month Low – Time to Sell?

Sable Resources Ltd. (CVE:SAE) shares hit a new 52-week low on Thursday. The company traded as low as C$0.30 and last traded at C$0.31, with a volume of 39,500 shares trading hands. The stock had previously closed at C$0.33.

Sable Resources Stock Performance

The company has a current ratio of 0.69, a quick ratio of 40.33 and a debt-to-equity ratio of 1.33. The company’s fifty day moving average is C$0.42 and its 200 day moving average is C$0.21. The company has a market cap of C$10.25 million, a P/E ratio of -1.52 and a beta of 1.20.

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.