Noble Mineral Exploration (CVE:NOB) Stock Price Up 21.7% – Here’s Why

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s stock price traded up 21.7% during trading on Monday . The company traded as high as C$0.15 and last traded at C$0.14. 1,257,067 shares were traded during trading, an increase of 168% from the average session volume of 468,653 shares. The stock had previously closed at C$0.12.

Noble Mineral Exploration Stock Up 13.0%

The stock has a 50-day moving average of C$0.07 and a 200-day moving average of C$0.05. The firm has a market cap of C$17.88 million, a price-to-earnings ratio of -16.13 and a beta of -0.46. The company has a current ratio of 14.06, a quick ratio of 16.26 and a debt-to-equity ratio of 1.27.

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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