Noble Mineral Exploration (CVE:NOB) Shares Up 16.7% – Here’s Why

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s stock price was up 16.7% during trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 1,787,583 shares were traded during trading, an increase of 742% from the average daily volume of 212,234 shares. The stock had previously closed at C$0.06.

Noble Mineral Exploration Stock Up 16.7%

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 firm’s 50 day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.04. The firm has a market cap of C$9.63 million, a price-to-earnings ratio of -8.68 and a beta of -0.46.

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.

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