Noble Mineral Exploration (CVE:NOB) Trading Down 11.1% – Should You Sell?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s share price was down 11.1% on Monday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 767,250 shares were traded during trading, an increase of 242% from the average daily volume of 224,164 shares. The stock had previously closed at C$0.05.

Noble Mineral Exploration Trading Down 11.1%

The company has a market cap of C$5.50 million, a P/E ratio of 1.05 and a beta of 2.76. The stock’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.05. The company has a debt-to-equity ratio of 1.27, a current ratio of 14.06 and a quick ratio of 16.26.

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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