Noble Mineral Exploration (CVE:NOB) Stock Price Down 37.5% – Here’s What Happened

Shares of Noble Mineral Exploration Inc. (CVE:NOB) were down 37.5% during mid-day trading on Tuesday . The company traded as low as C$0.14 and last traded at C$0.15. Approximately 3,006,736 shares traded hands during trading, an increase of 105% from the average daily volume of 1,470,203 shares. The stock had previously closed at C$0.24.

Noble Mineral Exploration Stock Down 37.5%

The stock has a market capitalization of C$20.63 million, a P/E ratio of -18.61 and a beta of -0.46. The company has a debt-to-equity ratio of 1.27, a current ratio of 14.06 and a quick ratio of 16.26. The stock has a fifty day moving average price of C$0.10 and a 200 day moving average price of C$0.06.

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