Noble Mineral Exploration (CVE:NOB) Trading Up 28.6% – Still a Buy?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s share price was up 28.6% on Monday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 1,249,250 shares changed hands during trading, an increase of 366% from the average daily volume of 268,059 shares. The stock had previously closed at C$0.04.

Noble Mineral Exploration Stock Performance

The company has a quick ratio of 16.26, a current ratio of 14.06 and a debt-to-equity ratio of 1.27. The stock has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04. The company has a market capitalization of C$6.19 million, a price-to-earnings ratio of 1.18 and a beta of 2.76.

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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