Noble Mineral Exploration (CVE:NOB) Trading Up 22.2% – Here’s Why

Noble Mineral Exploration Inc. (CVE:NOB)’s stock price shot up 22.2% during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. 1,148,532 shares traded hands during mid-day trading, an increase of 265% from the average session volume of 314,721 shares. The stock had previously closed at C$0.05.

Noble Mineral Exploration Price Performance

The stock has a fifty day moving average price of C$0.04 and a 200-day moving average price of C$0.04. The firm has a market capitalization of C$7.57 million, a PE ratio of 1.45 and a beta of 2.76. The company has a debt-to-equity ratio of 1.27, a quick ratio of 16.26 and a current ratio of 14.06.

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.