Noble Mineral Exploration (CVE:NOB) Stock Price Down 20.8% – Here’s What Happened

Noble Mineral Exploration Inc. (CVE:NOB – Get Free Report) was down 20.8% on Monday . The stock traded as low as C$0.19 and last traded at C$0.19. Approximately 1,148,501 shares traded hands during trading, a decline of 15% from the average daily volume of 1,343,938 shares. The stock had previously closed at C$0.24.

Noble Mineral Exploration Stock Performance

The company has a 50 day moving average price of C$0.10 and a 200-day moving average price of C$0.06. 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 company has a market cap of C$20.63 million, a P/E ratio of -18.61 and a beta of -0.46.

About Noble Mineral Exploration

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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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