Noble Mineral Exploration (CVE:NOB) Stock Price Up 28.6% – Here’s Why

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report)’s share price shot up 28.6% on Monday . The stock traded as high as C$0.05 and last traded at C$0.05. 2,481,250 shares changed hands during trading, an increase of 728% from the average session volume of 299,649 shares. The stock had previously closed at C$0.04.

Noble Mineral Exploration Stock Up 28.6 %

The stock has a market cap of C$6.19 million, a P/E ratio of 1.18 and a beta of 2.76. The company’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04. The company has a quick ratio of 16.26, a current ratio of 14.06 and a debt-to-equity ratio of 1.27.

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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