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

Shares of Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) rose 39.1% during trading on Tuesday . The stock traded as high as C$0.16 and last traded at C$0.16. Approximately 1,097,606 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 1,379,730 shares. The stock had previously closed at C$0.12.

Noble Mineral Exploration Stock Performance

The company has a market capitalization of C$22.01 million, a P/E ratio of -19.85 and a beta of -0.46. 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 business’s fifty day simple moving average is C$0.11 and its 200-day simple moving average is C$0.07.

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.

Further Reading

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