Noble Mineral Exploration (CVE:NOB) Stock Price Up 12.5% – Here’s What Happened

Noble Mineral Exploration Inc. (CVE:NOB)’s stock price rose 12.5% during mid-day trading on Monday . The stock traded as high as C$0.24 and last traded at C$0.23. Approximately 855,074 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 890,854 shares. The stock had previously closed at C$0.20.

Noble Mineral Exploration Stock Down 13.0%

The firm has a market capitalization of C$27.51 million, a PE ratio of -24.81 and a beta of -0.46. 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 company has a fifty day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.06.

About Noble Mineral Exploration

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.