Noble Mineral Exploration (CVE:NOB) Shares Up 39.1% – Should You Buy?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s stock price rose 39.1% during mid-day trading on Tuesday . The company traded as high as C$0.16 and last traded at C$0.16. Approximately 1,097,606 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 1,379,730 shares. The stock had previously closed at C$0.12.

Noble Mineral Exploration Stock Performance

The stock has a 50-day moving average of C$0.11 and a 200 day moving average of C$0.07. The firm has a market capitalization of C$22.01 million, a P/E ratio of -19.85 and a beta of -0.46. The company has a debt-to-equity ratio of 1.27, a quick ratio of 16.26 and a current ratio of 14.06.

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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