Noble Mineral Exploration (CVE:NOB) Stock Price Down 39.6% – Here’s What Happened

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) shares were down 39.6% on Monday . The company traded as low as C$0.14 and last traded at C$0.15. Approximately 2,260,033 shares traded hands during trading, an increase of 61% from the average daily volume of 1,403,842 shares. The stock had previously closed at C$0.24.

Noble Mineral Exploration Price Performance

The company has a 50 day simple moving average of C$0.10 and a 200-day simple moving average of C$0.06. The company has a quick ratio of 16.26, a current ratio of 14.06 and a debt-to-equity ratio of 1.27. The stock has a market cap of C$20.63 million, a price-to-earnings ratio of -18.61 and a beta of -0.46.

Noble Mineral Exploration Company Profile

(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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