Noble Mineral Exploration (CVE:NOB) Stock Price Up 27.3% – Still a Buy?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s share price rose 27.3% during mid-day trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.07. Approximately 2,801,750 shares were traded during trading, an increase of 649% from the average daily volume of 373,936 shares. The stock had previously closed at C$0.06.

Noble Mineral Exploration Trading Up 7.1 %

The firm has a market capitalization of C$10.32 million, a PE ratio of 1.97 and a beta of 2.76. 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 company’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.04.

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.

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