Noble Mineral Exploration (CVE:NOB) Shares Up 16.7% – Should You Buy?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) shot up 16.7% during mid-day trading on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07. 1,787,583 shares changed hands during trading, an increase of 742% from the average session volume of 212,234 shares. The stock had previously closed at C$0.06.

Noble Mineral Exploration Trading Down 7.1%

The company has a market cap of C$8.94 million, a P/E ratio of -8.06 and a beta of -0.46. The business has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.04. 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.

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