Noble Mineral Exploration (CVE:NOB) Trading 39.1% Higher – Time to Buy?

by · The Cerbat Gem

Noble Mineral Exploration Inc. (CVE:NOB – Get Free Report)’s stock price shot up 39.1% during trading on Tuesday . The stock traded as high as C$0.16 and last traded at C$0.16. 1,097,606 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 1,379,730 shares. The stock had previously closed at C$0.12.

Noble Mineral Exploration Trading Up 39.1%

The firm has a 50-day moving average of C$0.11 and a two-hundred day moving average of C$0.07. The company has a current ratio of 14.06, a quick ratio of 16.26 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of C$22.01 million, a P/E ratio of -19.85 and a beta of -0.46.

Noble Mineral Exploration Company Profile

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Noble Mineral Exploration Inc, a junior exploration company, engages in the exploration and evaluation of mineral properties in Canada. The company primarily explores for nickel, cobalt, gold, copper, and PGM deposits. The company was formerly known as Ring of Fire Resources Inc and changed its name to Noble Mineral Exploration Inc in March 2012. Noble Mineral Exploration Inc is headquartered in Toronto, Canada.

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