Sable Resources (CVE:SAE) Hits New 1-Year Low – What’s Next?

Sable Resources Ltd. (CVE:SAE) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 1000 shares trading hands. The stock had previously closed at C$0.04.

Sable Resources Stock Down 12.5 %

The business’s fifty day moving average price is C$0.04 and its two-hundred day moving average price is C$0.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 40.33. The stock has a market capitalization of C$10.05 million, a PE ratio of -0.88 and a beta of 1.08.

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.