Noble Mineral Exploration (CVE:NOB) Stock Price Down 37.5% – Time to Sell?

Noble Mineral Exploration Inc. (CVE:NOB)’s share price dropped 37.5% during trading on Tuesday . The company traded as low as C$0.14 and last traded at C$0.15. Approximately 3,006,736 shares traded hands during mid-day trading, an increase of 105% from the average daily volume of 1,470,203 shares. The stock had previously closed at C$0.24.

Noble Mineral Exploration Trading Down 37.5%

The firm has a market capitalization of C$20.63 million, a price-to-earnings ratio of -18.61 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. The company has a 50 day moving average price of C$0.10 and a two-hundred day moving average price of C$0.06.

About Noble Mineral Exploration

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.