Noble Mineral Exploration (CVE:NOB) Trading 27.3% Higher – Here’s Why

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) shares traded up 27.3% during mid-day trading on Thursday . The company traded as high as C$0.08 and last traded at C$0.07. 1,759,600 shares were traded during mid-day trading, an increase of 420% from the average session volume of 338,266 shares. The stock had previously closed at C$0.06.

Noble Mineral Exploration Stock Performance

The stock has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The company has a market capitalization of C$10.32 million, a price-to-earnings ratio of 1.97 and a beta of 2.76. The company has a current ratio of 14.06, a quick ratio of 16.26 and a debt-to-equity ratio of 1.27.

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.

Further Reading

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