Noble Mineral Exploration (CVE:NOB) Trading 27.3% Higher – Here’s Why

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s stock price was up 27.3% on Thursday . The stock traded as high as C$0.08 and last traded at C$0.07. Approximately 2,094,600 shares were traded during trading, an increase of 487% from the average daily volume of 357,099 shares. The stock had previously closed at C$0.06.

Noble Mineral Exploration Price Performance

The stock has a market capitalization of C$10.32 million, a P/E ratio of 1.97 and a beta of 2.76. 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 company has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04.

About Noble Mineral Exploration

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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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