Noble Mineral Exploration (CVE:NOB) Trading 39.1% Higher – Here’s Why

Noble Mineral Exploration Inc. (CVE:NOB)’s share price shot up 39.1% on Tuesday . The company traded as high as C$0.16 and last traded at C$0.16. 1,097,606 shares were traded during mid-day trading, a decline of 20% from the average session volume of 1,379,730 shares. The stock had previously closed at C$0.12.

Noble Mineral Exploration Stock Performance

The firm’s fifty day moving average price is C$0.11 and its 200-day moving average price is C$0.07. The company has a market cap of C$22.01 million, a P/E ratio of -19.85 and a beta of -0.46. The company has a current ratio of 14.06, a quick ratio of 16.26 and a debt-to-equity ratio of 1.27.

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.