Noble Mineral Exploration (CVE:NOB) Shares Up 28.6% – Should You Buy?

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) shares were up 28.6% during trading on Monday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 1,299,250 shares changed hands during trading, an increase of 382% from the average daily volume of 269,342 shares. The stock had previously closed at C$0.04.

Noble Mineral Exploration Trading Up 28.6 %

The firm has a market capitalization of C$6.19 million, a P/E ratio of 1.18 and a beta of 2.76. The stock has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The company has a current ratio of 14.06, a quick ratio of 16.26 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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