Noble Mineral Exploration (CVE:NOB) Trading Down 8.7% – Here’s What Happened
by Danessa Lincoln · The Markets DailyShares of Noble Mineral Exploration Inc. (CVE:NOB – Get Free Report) dropped 8.7% during trading on Tuesday . The stock traded as low as C$0.21 and last traded at C$0.21. Approximately 542,259 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 989,543 shares. The stock had previously closed at C$0.23.
Noble Mineral Exploration Trading Down 13.0%
The stock has a market cap of C$27.51 million, a P/E ratio of -24.81 and a beta of -0.46. The stock’s 50-day moving average is C$0.09 and its two-hundred day moving average is C$0.06. The company has a debt-to-equity ratio of 1.27, a current ratio of 14.06 and a quick ratio of 16.26.
About Noble Mineral Exploration
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.