Noble Mineral Exploration (CVE:NOB) Reaches New 52-Week High – Should You Buy?

Shares of Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as C$0.17 and last traded at C$0.16, with a volume of 581092 shares changing hands. The stock had previously closed at C$0.16.

Noble Mineral Exploration Stock Down 3.1%

The firm’s 50-day moving average is C$0.08 and its 200 day moving average is C$0.05. The firm has a market capitalization of C$21.32 million, a PE ratio of -19.23 and a beta of -0.46. The company has a debt-to-equity ratio of 1.27, a quick ratio of 16.26 and a current ratio of 14.06.

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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