Noble Mineral Exploration (CVE:NOB) Trading Up 27.3% – Time to Buy?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s share price shot up 27.3% during mid-day trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.07. 2,801,750 shares changed hands during trading, an increase of 649% from the average session volume of 373,936 shares. The stock had previously closed at C$0.06.

Noble Mineral Exploration Stock Up 27.3 %

The company has a market capitalization of C$9.63 million, a P/E ratio of 1.84 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. The firm’s fifty day moving average is C$0.04 and its 200-day moving average is 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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