Noble Mineral Exploration (CVE:NOB) Trading Down 37.5% – Should You Sell?

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

Noble Mineral Exploration Stock Performance

The stock’s 50 day moving average is C$0.11 and its two-hundred day moving average is C$0.07. The stock has a market capitalization of C$16.51 million, a price-to-earnings ratio of -14.89 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

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.