Noble Mineral Exploration (CVE:NOB) Stock Price Up 27.5% – What’s Next?

Noble Mineral Exploration Inc. (CVE:NOB) rose 27.5% during trading on Wednesday . The stock traded as high as C$0.26 and last traded at C$0.26. Approximately 2,439,774 shares traded hands during mid-day trading, an increase of 106% from the average daily volume of 1,184,351 shares. The stock had previously closed at C$0.20.

Noble Mineral Exploration Stock Up 22.5%

The firm has a 50-day moving average price of C$0.09 and a two-hundred day moving average price of C$0.06. The company has a market capitalization of C$33.70 million, a P/E ratio of -30.40 and a beta of -0.46. 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

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.