Noble Mineral Exploration (CVE:NOB) Shares Up 27.3% – Still a Buy?

Noble Mineral Exploration Inc. (CVE:NOB) shares rose 27.3% during mid-day trading on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 1,471,001 shares changed hands during mid-day trading, an increase of 537% from the average daily volume of 230,768 shares. The stock had previously closed at C$0.06.

Noble Mineral Exploration Trading Up 27.3%

The company’s fifty day moving average is C$0.05 and its two-hundred day moving average is C$0.05. 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 stock has a market cap of C$9.63 million, a price-to-earnings ratio of -8.68 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.