Noble Mineral Exploration (CVE:NOB) Trading Up 28.6% – Should You Buy?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) shares rose 28.6% on Monday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 1,114,250 shares changed hands during trading, an increase of 323% from the average daily volume of 263,444 shares. The stock had previously closed at C$0.04.

Noble Mineral Exploration Stock Performance

The stock’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. 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 has a market capitalization of C$6.19 million, a PE ratio of 1.18 and a beta of 2.76.

Noble Mineral Exploration Company Profile

(Get Free Report)

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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