Noble Mineral Exploration (CVE:NOB) Stock Price Down 23.5% – What’s Next?

Noble Mineral Exploration Inc. (CVE:NOB)’s stock price was down 23.5% during mid-day trading on Friday . The company traded as low as C$0.07 and last traded at C$0.07. 786,415 shares were traded during trading, an increase of 80% from the average daily volume of 435,984 shares. The stock had previously closed at C$0.09.

Noble Mineral Exploration Price Performance

The company has a quick ratio of 16.26, a current ratio of 14.06 and a debt-to-equity ratio of 1.27. The company’s fifty day moving average price is C$0.06 and its 200 day moving average price is C$0.10. The company has a market capitalization of C$17.18 million, a P/E ratio of 1.62 and a beta of 0.46.

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.