Noble Mineral Exploration (CVE:NOB) Shares Up 28.6% – Here’s What Happened

Noble Mineral Exploration Inc. (CVE:NOB) rose 28.6% during mid-day trading on Monday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 2,481,250 shares changed hands during trading, an increase of 728% from the average daily volume of 299,649 shares. The stock had previously closed at C$0.04.

Noble Mineral Exploration Trading Up 22.2 %

The company has a current ratio of 14.06, a quick ratio of 16.26 and a debt-to-equity ratio of 1.27. The stock has a market cap of C$7.57 million, a P/E ratio of 1.45 and a beta of 2.76. The business’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04.

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.