Noble Mineral Exploration (CVE:NOB) Shares Down 39.6% – Here’s What Happened

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) shares fell 39.6% during mid-day trading on Monday . The stock traded as low as C$0.14 and last traded at C$0.15. 2,260,033 shares changed hands during mid-day trading, an increase of 61% from the average session volume of 1,403,842 shares. The stock had previously closed at C$0.24.

Noble Mineral Exploration Stock Down 37.5%

The company has a 50 day moving average of C$0.10 and a 200-day moving average of C$0.06. 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 cap of C$20.63 million, a P/E ratio of -18.61 and a beta of -0.46.

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. Noble Mineral Exploration Inc is headquartered in Toronto, Canada.

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