Sable Resources (CVE:SAE) Stock Price Down 14.3% – Should You Sell?

Sable Resources Ltd. (CVE:SAEGet Free Report)’s stock price dropped 14.3% on Saturday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 173,000 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 205,880 shares. The stock had previously closed at C$0.04.

Sable Resources Stock Down 14.3%

The stock has a market capitalization of C$8.61 million, a PE ratio of -0.75 and a beta of 1.08. The firm’s fifty day moving average is C$0.04 and its 200-day moving average is 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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