Noble Mineral Exploration (CVE:NOB) Trading 27.3% Higher – Should You Buy?

Noble Mineral Exploration Inc. (CVE:NOB)’s stock price traded up 27.3% during mid-day trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.07. 2,801,750 shares were traded during mid-day trading, an increase of 649% from the average session volume of 373,936 shares. The stock had previously closed at C$0.06.

Noble Mineral Exploration Stock Performance

The stock has a market capitalization of C$10.32 million, a PE ratio of 1.97 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. The firm has a 50 day moving average price of C$0.04 and a 200-day moving average price of C$0.04.

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.