Noble Mineral Exploration (CVE:NOB) Shares Down 37.5% – Here’s What Happened

Noble Mineral Exploration Inc. (CVE:NOB)’s share price dropped 37.5% during trading on Tuesday . The company traded as low as C$0.14 and last traded at C$0.15. Approximately 3,006,736 shares were traded during mid-day trading, an increase of 105% from the average daily volume of 1,470,203 shares. The stock had previously closed at C$0.24.

Noble Mineral Exploration Stock Down 37.5%

The business’s fifty day moving average price is C$0.10 and its two-hundred day moving average price is C$0.06. 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 firm has a market capitalization of C$20.63 million, a P/E ratio of -18.61 and a beta of -0.46.

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.