Noble Mineral Exploration (CVE:NOB) Shares Up 23.1% – Here’s What Happened

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) shares shot up 23.1% during mid-day trading on Tuesday . The company traded as high as C$0.17 and last traded at C$0.16. 1,080,430 shares changed hands during trading, an increase of 62% from the average session volume of 666,968 shares. The stock had previously closed at C$0.13.

Noble Mineral Exploration Stock Performance

The firm has a 50-day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.05. 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 market capitalization of C$22.01 million, a price-to-earnings ratio of -19.85 and a beta of -0.46.

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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