Noble Mineral Exploration (CVE:NOB) Shares Up 39.1% – Here’s Why

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s stock price shot up 39.1% during mid-day trading on Tuesday . The stock traded as high as C$0.16 and last traded at C$0.16. 1,097,606 shares traded hands during 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 Price Performance

The company has a market capitalization of C$22.01 million, a price-to-earnings 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 has a 50 day moving average price of C$0.11 and a 200 day moving average price of C$0.07.

Noble Mineral Exploration Company Profile

(Get Free Report)

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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