Noble Mineral Exploration (CVE:NOB) Shares Up 23.1% – Should You Buy?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s share price shot up 23.1% during mid-day trading on Tuesday . The company traded as high as C$0.17 and last traded at C$0.16. 1,080,430 shares were traded during trading, an increase of 62% from the average session volume of 666,968 shares. The stock had previously closed at C$0.13.

Noble Mineral Exploration Trading Up 23.1%

The firm 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 current ratio of 14.06, a quick ratio of 16.26 and a debt-to-equity ratio of 1.27. The company’s fifty day moving average is C$0.07 and its 200-day moving average is C$0.05.

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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