Noble Mineral Exploration (CVE:NOB) Shares Up 39.1% – Still a Buy?

Noble Mineral Exploration Inc. (CVE:NOB) shares traded up 39.1% during mid-day trading on Tuesday . The company traded as high as C$0.16 and last traded at C$0.16. 1,097,606 shares traded hands during trading, a decline of 20% from the average session volume of 1,379,730 shares. The stock had previously closed at C$0.12.

Noble Mineral Exploration Stock Performance

The firm has a market capitalization of C$22.01 million, a price-to-earnings ratio of -19.85 and a beta of -0.46. The firm’s 50-day moving average price is C$0.11 and its two-hundred day moving average price is C$0.07. The company has a debt-to-equity ratio of 1.27, a quick ratio of 16.26 and a current ratio of 14.06.

About Noble Mineral Exploration

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.