Noble Mineral Exploration (CVE:NOB) Trading Up 22.2% – Here’s Why

Noble Mineral Exploration Inc. (CVE:NOB) shares were up 22.2% during trading on Wednesday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 1,148,532 shares changed hands during trading, an increase of 265% from the average daily volume of 314,721 shares. The stock had previously closed at C$0.05.

Noble Mineral Exploration Price Performance

The firm has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The company has a market capitalization of C$7.57 million, a PE ratio of 1.45 and a beta of 2.76. 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.