Noble Mineral Exploration (CVE:NOB) Shares Up 42.9% – Should You Buy?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) rose 42.9% during mid-day trading on Monday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 1,065,250 shares changed hands during mid-day trading, an increase of 312% from the average daily volume of 258,726 shares. The stock had previously closed at C$0.04.

Noble Mineral Exploration Price Performance

The company’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. The company has a market capitalization of C$6.19 million, a P/E ratio of 1.18 and a beta of 2.76. The company has a quick ratio of 16.26, a current ratio of 14.06 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.

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