Sable Resources (CVE:SAE) Hits New 1-Year Low – Should You Sell?

Sable Resources Ltd. (CVE:SAE)’s stock price 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$0.04, with a volume of 710967 shares changing hands. The stock had previously closed at C$0.04.

Sable Resources Stock Performance

The stock has a market capitalization of C$8.61 million, a P/E ratio of -0.75 and a beta of 1.08. The company has a quick ratio of 40.33, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The business has a fifty day moving average price of C$0.04 and a 200-day moving average price of C$0.04.

Sable Resources Company Profile

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.