Noble Mineral Exploration (CVE:NOB) Stock Price Up 27.3% – Here’s Why

Noble Mineral Exploration Inc. (CVE:NOB) shares shot up 27.3% during mid-day trading on Friday . The company traded as high as C$0.08 and last traded at C$0.07. 2,801,750 shares traded hands during mid-day trading, an increase of 649% from the average session volume of 373,936 shares. The stock had previously closed at C$0.06.

Noble Mineral Exploration Trading Up 27.3 %

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 market capitalization of C$9.63 million, a P/E ratio of 1.84 and a beta of 2.76. The company has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04.

Noble Mineral Exploration Company Profile

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.