Noble Mineral Exploration (CVE:NOB) Trading Up 25% – Still a Buy?

Noble Mineral Exploration Inc. (CVE:NOB)’s stock price rose 25% on Wednesday . The company traded as high as C$0.26 and last traded at C$0.25. Approximately 1,502,566 shares traded hands during mid-day trading, an increase of 42% from the average daily volume of 1,058,237 shares. The stock had previously closed at C$0.20.

Noble Mineral Exploration Stock Performance

The company has a market capitalization of C$33.70 million, a P/E ratio of -30.40 and a beta of -0.46. The company’s 50 day moving average is C$0.09 and its 200-day moving average is C$0.06. 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.