Sable Resources (CVE:SAE) Reaches New 1-Year Low – Here’s Why

Sable Resources Ltd. (CVE:SAEGet Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 303000 shares traded. The stock had previously closed at C$0.04.

Sable Resources Stock Performance

The company has a market capitalization of C$10.05 million, a price-to-earnings ratio of -0.88 and a beta of 1.08. The stock has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The company has a quick ratio of 40.33, a current ratio of 0.69 and a debt-to-equity ratio of 1.33.

About Sable Resources

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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.

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