Noble Mineral Exploration (CVE:NOB) Trading 16.7% Higher – Here’s Why

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) shares traded up 16.7% during trading on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07. 1,787,583 shares were traded during mid-day trading, an increase of 742% from the average session volume of 212,234 shares. The stock had previously closed at C$0.06.

Noble Mineral Exploration Price Performance

The firm has a market cap of C$9.63 million, a P/E ratio of -8.68 and a beta of -0.46. The firm’s fifty day simple moving average is C$0.05 and its 200 day simple moving average is C$0.04. The company has a debt-to-equity ratio of 1.27, a quick ratio of 16.26 and a current ratio of 14.06.

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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