Sabre Gold Mines (TSE:SGLD) Shares Up 76% – Here’s Why

Sabre Gold Mines Corp. (TSE:SGLDGet Free Report)’s share price traded up 76% on Monday . The stock traded as high as C$0.22 and last traded at C$0.22. 201,248 shares changed hands during mid-day trading, an increase of 518% from the average session volume of 32,590 shares. The stock had previously closed at C$0.13.

Sabre Gold Mines Price Performance

The company has a 50 day moving average of C$0.09 and a two-hundred day moving average of C$0.12. The firm has a market cap of C$17.52 million, a P/E ratio of -7.33 and a beta of 1.10. The company has a quick ratio of 0.75, a current ratio of 0.54 and a debt-to-equity ratio of 28.82.

About Sabre Gold Mines

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Sabre Gold Mines Corp. engages in the exploration and development of mineral properties. Its 100% owned flagship property is the Copperstone gold project that covers approximately 12,258 acres of surface area and mineral rights located in La Paz County, Arizona. The company was formerly known as Arizona Gold Corp.

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