Noble Mineral Exploration (CVE:NOB) Trading Up 28.6% – Still a Buy?

Shares of Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) shot up 28.6% during mid-day trading on Monday . The company traded as high as C$0.05 and last traded at C$0.05. 1,114,250 shares were traded during trading, an increase of 323% from the average session volume of 263,444 shares. The stock had previously closed at C$0.04.

Noble Mineral Exploration Trading Up 28.6 %

The firm has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of 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. The stock has a market cap of C$6.19 million, a PE ratio of 1.18 and a beta of 2.76.

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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