Noble Mineral Exploration (CVE:NOB) Trading Up 27.5% – Should You Buy?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) shares rose 27.5% on Wednesday . The company traded as high as C$0.26 and last traded at C$0.26. Approximately 2,439,774 shares were traded during trading, an increase of 106% from the average daily volume of 1,184,351 shares. The stock had previously closed at C$0.20.

Noble Mineral Exploration Stock Down 4.0%

The company has a quick ratio of 16.26, a current ratio of 14.06 and a debt-to-equity ratio of 1.27. The company’s fifty day simple moving average is C$0.10 and its 200 day simple moving average is C$0.06. The firm has a market capitalization of C$33.01 million, a PE ratio of -29.78 and a beta of -0.46.

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. Noble Mineral Exploration Inc is headquartered in Toronto, Canada.

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