Noble Mineral Exploration (CVE:NOB) Trading Down 37.5% – Time to Sell?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) dropped 37.5% during 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 Performance

The stock’s 50-day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.07. 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 firm has a market capitalization of C$17.88 million, a P/E ratio of -16.13 and a beta of -0.46.

Noble Mineral Exploration Company Profile

(Get Free Report)

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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