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

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) shot up 15.4% on Monday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 462,511 shares traded hands during mid-day trading, an increase of 108% from the average session volume of 222,121 shares. The stock had previously closed at C$0.07.

Noble Mineral Exploration Price Performance

The company has a debt-to-equity ratio of 1.27, a quick ratio of 16.26 and a current ratio of 14.06. The business has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.04. The firm has a market cap of C$10.32 million, a price-to-earnings ratio of -9.31 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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