Sable Resources (CVE:SAE) Hits New 52-Week Low at $0.06

Shares of Sable Resources Ltd. (CVE:SAE – Get Rating) hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 18000 shares trading hands. The stock had previously closed at C$0.06.

Sable Resources Price Performance

The company has a debt-to-equity ratio of 0.65, a quick ratio of 40.33 and a current ratio of 16.73. The stock has a market cap of C$15.76 million, a price-to-earnings ratio of -1.10 and a beta of 0.69. The business’s fifty day simple moving average is C$0.07 and its 200 day simple moving average is C$0.08.

Sable Resources Company Profile

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Sable Resources Ltd. engages in the acquisition, exploration, and development of mineral resource properties in Mexico and Argentina. It explores for gold, silver, copper, lead, zinc, and other deposits. The company 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.