Noble Mineral Exploration (CVE:NOB) Trading Up 23.1% – Should You Buy?

by · The Markets Daily

Noble Mineral Exploration Inc. (CVE:NOB – Get Free Report)’s stock price shot up 23.1% on Tuesday . The stock traded as high as C$0.17 and last traded at C$0.16. 1,144,930 shares were traded during mid-day trading, an increase of 68% from the average session volume of 679,655 shares. The stock had previously closed at C$0.13.

Noble Mineral Exploration Price Performance

The company has a debt-to-equity ratio of 1.27, a quick ratio of 16.26 and a current ratio of 14.06. The stock has a market capitalization of C$22.01 million, a price-to-earnings ratio of -19.85 and a beta of -0.46. The business’s 50 day simple moving average is C$0.07 and its 200-day simple moving average is C$0.05.

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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