Noble Mineral Exploration (CVE:NOB) Trading Up 20% – Still a Buy?

Shares of Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) traded up 20% during mid-day trading on Wednesday . The company traded as high as C$0.26 and last traded at C$0.24. 1,705,706 shares traded hands during trading, an increase of 58% from the average session volume of 1,081,108 shares. The stock had previously closed at C$0.20.

Noble Mineral Exploration Stock Up 22.5%

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 company has a market capitalization of C$33.70 million, a P/E ratio of -30.40 and a beta of -0.46. The stock has a 50 day moving average price of C$0.09 and a 200 day moving average price of C$0.06.

About Noble Mineral Exploration

(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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