Noble Mineral Exploration (CVE:NOB) Trading Up 39.1% – Here’s Why

by · The Cerbat Gem

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

Noble Mineral Exploration Stock Performance

The stock has a 50-day moving average price of C$0.11 and a 200 day moving average price of C$0.07. The company has a quick ratio of 16.26, a current ratio of 14.06 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of C$22.01 million, a price-to-earnings ratio of -19.85 and a beta of -0.46.

About Noble Mineral Exploration

(Get Free Report)

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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