Noble Mineral Exploration (CVE:NOB) Stock Price Up 12.5% – Here’s Why

Shares of Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) rose 12.5% on Monday . The company traded as high as C$0.24 and last traded at C$0.23. Approximately 855,074 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 890,854 shares. The stock had previously closed at C$0.20.

Noble Mineral Exploration Price Performance

The firm has a 50-day simple moving average of C$0.08 and a 200-day simple moving average of C$0.06. The firm has a market capitalization of C$30.95 million, a PE ratio of -27.92 and a beta of -0.46. The company has a debt-to-equity ratio of 1.27, a current ratio of 14.06 and a quick ratio of 16.26.

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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