Sable Resources (CVE:SAE) Shares Up 14.3% – Still a Buy?

Sable Resources Ltd. (CVE:SAE) rose 14.3% during mid-day trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 195,000 shares changed hands during trading, an increase of 40% from the average daily volume of 139,334 shares. The stock had previously closed at C$0.04.

Sable Resources Price Performance

The company’s 50 day moving average price is C$0.03 and its two-hundred day moving average price is C$0.04. 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 firm has a market cap 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.