Noble Mineral Exploration (CVE:NOB) Shares Up 17.6% – Here’s Why

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s stock price was up 17.6% on Friday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 731,492 shares changed hands during mid-day trading, an increase of 201% from the average daily volume of 243,160 shares. The stock had previously closed at C$0.09.

Noble Mineral Exploration Stock Performance

The stock’s fifty day moving average is C$0.07 and its 200-day moving average is C$0.05. 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 stock has a market cap of C$13.75 million, a price-to-earnings ratio of -12.41 and a beta of -0.46.

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. Noble Mineral Exploration Inc is headquartered in Toronto, Canada.

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