Noble Mineral Exploration (CVE:NOB) Trading 39.1% Higher – Still a Buy?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) shares traded up 39.1% on Tuesday . The company traded as high as C$0.16 and last traded at C$0.16. 1,097,606 shares traded hands during trading, a decline of 20% from the average session volume of 1,379,730 shares. The stock had previously closed at C$0.12.

Noble Mineral Exploration Stock Up 39.1%

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 business’s fifty day moving average price is C$0.11 and its 200 day moving average price is C$0.07. The company has a market capitalization of C$22.01 million, a P/E ratio of -19.85 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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