Noble Mineral Exploration (CVE:NOB) Stock Price Down 37.5% – Here’s Why

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s share price dropped 37.5% on Monday . The company traded as low as C$0.14 and last traded at C$0.15. Approximately 3,006,736 shares traded hands during mid-day trading, an increase of 105% from the average daily volume of 1,470,203 shares. The stock had previously closed at C$0.24.

Noble Mineral Exploration Price Performance

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 50-day simple moving average of C$0.10 and a 200-day simple moving average of C$0.06. The stock has a market cap of C$20.63 million, a PE ratio of -18.61 and a beta of -0.46.

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

Further Reading

Receive News & Ratings for Noble Mineral Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Mineral Exploration and related companies with MarketBeat.com's FREE daily email newsletter.