Noble Mineral Exploration (CVE:NOB) Shares Up 45.5% – Should You Buy?

Noble Mineral Exploration Inc. (CVE:NOB)’s stock price was up 45.5% on Thursday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 1,395,600 shares changed hands during mid-day trading, an increase of 344% from the average daily volume of 314,442 shares. The stock had previously closed at C$0.06.

Noble Mineral Exploration Trading Up 18.2 %

The stock has a market capitalization of C$8.94 million, a P/E ratio of 1.71 and a beta of 2.76. The stock’s fifty day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04. 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.