Noble Mineral Exploration (CVE:NOB) Shares Down 7.7% – Should You Sell?

Noble Mineral Exploration Inc. (CVE:NOB) shares dropped 7.7% during trading on Friday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 216,738 shares were traded during trading, a decline of 79% from the average daily volume of 1,048,155 shares. The stock had previously closed at C$0.13.

Noble Mineral Exploration Stock Down 3.8%

The stock has a fifty day moving average of C$0.13 and a 200 day moving average of C$0.08. 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 firm has a market capitalization of C$17.19 million, a P/E ratio of -15.51 and a beta of -0.46.

Noble Mineral Exploration Company Profile

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.