Noble Mineral Exploration (CVE:NOB) Stock Price Up 23.1% – Should You Buy?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) rose 23.1% during mid-day trading on Tuesday . The stock traded as high as C$0.17 and last traded at C$0.16. Approximately 1,164,930 shares were traded during trading, an increase of 71% from the average daily volume of 679,655 shares. The stock had previously closed at C$0.13.

Noble Mineral Exploration Stock Up 23.1%

The company has a current ratio of 14.06, a quick ratio of 16.26 and a debt-to-equity ratio of 1.27. The stock has a 50 day simple moving average of C$0.07 and a 200 day simple moving average of C$0.05. The firm has a market capitalization of C$22.01 million, a PE ratio of -19.85 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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