Noble Mineral Exploration (CVE:NOB) Stock Price Down 37.5% – Here’s What Happened

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s share price was down 37.5% during trading on Tuesday . The company traded as low as C$0.14 and last traded at C$0.15. Approximately 3,006,736 shares traded hands during trading, an increase of 105% from the average daily volume of 1,470,203 shares. The stock had previously closed at C$0.24.

Noble Mineral Exploration Stock Down 37.5%

The firm’s fifty day simple moving average is C$0.10 and its 200 day simple moving average is C$0.06. The company has a market cap of C$20.63 million, a price-to-earnings ratio of -18.61 and a beta of -0.46. The company has a current ratio of 14.06, a quick ratio of 16.26 and a debt-to-equity ratio of 1.27.

About Noble Mineral Exploration

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

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