Noble Mineral Exploration (CVE:NOB) Trading 39.1% Higher – Still a Buy?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) shot up 39.1% during 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 Up 39.1%

The company has a debt-to-equity ratio of 1.27, a quick ratio of 16.26 and a current ratio of 14.06. The company’s 50-day moving average price is C$0.11 and its 200 day moving average price is C$0.07. The stock has a market capitalization of C$22.01 million, a P/E 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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