Noble Mineral Exploration (CVE:NOB) Shares Up 13.2% – Still a Buy?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) traded up 13.2% during trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. 221,333 shares were traded during trading, a decline of 49% from the average session volume of 429,971 shares. The stock had previously closed at C$0.05.

Noble Mineral Exploration Trading Up 50.9%

The stock has a market capitalization of C$21.14 million, a P/E ratio of 2.00 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 stock’s fifty day moving average price is C$0.06 and its two-hundred day moving average price is C$0.10.

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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