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

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s share price was up 28.6% during trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 2,481,250 shares traded hands during mid-day trading, an increase of 728% from the average daily volume of 299,649 shares. The stock had previously closed at C$0.04.

Noble Mineral Exploration Stock Up 22.2 %

The company has a debt-to-equity ratio of 1.27, a current ratio of 14.06 and a quick ratio of 16.26. The company has a market capitalization of C$7.57 million, a price-to-earnings ratio of 1.45 and a beta of 2.76. The firm has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04.

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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