Noble Mineral Exploration (CVE:NOB) Shares Up 15.4% – Here’s What Happened

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) was up 15.4% during mid-day trading on Monday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 466,511 shares traded hands during mid-day trading, an increase of 109% from the average daily volume of 223,136 shares. The stock had previously closed at C$0.07.

Noble Mineral Exploration Stock Performance

The firm’s 50-day moving average is C$0.05 and its 200 day moving average is C$0.04. 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 has a market capitalization of C$8.94 million, a price-to-earnings ratio of -8.06 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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