Noble Mineral Exploration (CVE:NOB) Shares Down 9.1% – Here’s Why

Shares of Noble Mineral Exploration Inc. (CVE:NOB – Get Free Report) traded down 9.1% during mid-day trading on Wednesday. The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 1,278,149 shares changed hands during mid-day trading, an increase of 256% from the average session volume of 358,781 shares. The stock had previously closed at C$0.06.

Noble Mineral Exploration Trading Down 9.1%

The firm has a 50 day moving average of C$0.06 and a 200 day moving average of C$0.09. The firm has a market cap of C$13.21 million, a PE ratio of 1.69 and a beta of 0.52. The company has a quick ratio of 16.26, a current ratio of 14.06 and a debt-to-equity ratio of 1.27.

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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