Kelso Cartwright Purchases 400,000 Shares of Sable Resources Ltd. (CVE:SAE) Stock

Sable Resources Ltd. (CVE:SAE) Senior Officer Kelso Cartwright purchased 400,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average price of C$0.04 per share, with a total value of C$14,000.00.

Sable Resources Price Performance

Shares of CVE SAE opened at C$0.04 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 40.33. Sable Resources Ltd. has a 1-year low of C$0.03 and a 1-year high of C$0.07. The business has a 50-day moving average of C$0.04 and a 200-day moving average of C$0.04. 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.

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.