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

Shares of Noble Mineral Exploration Inc. (CVE:NOB) were down 37.5% during trading on Tuesday . The stock traded as low as C$0.14 and last traded at C$0.15. Approximately 3,006,736 shares traded hands during mid-day 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 stock has a market capitalization of C$20.63 million, a price-to-earnings ratio of -18.61 and a beta of -0.46. The firm has a 50 day simple moving average of C$0.10 and a 200-day simple moving average of C$0.06. The company has a debt-to-equity ratio of 1.27, a current ratio of 14.06 and a quick ratio of 16.26.

Noble Mineral Exploration Company Profile

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.