Noble Mineral Exploration (CVE:NOB) Trading 27.3% Higher – Still a Buy?

Noble Mineral Exploration Inc. (CVE:NOB)’s stock price rose 27.3% during trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.07. Approximately 2,801,750 shares traded hands during mid-day trading, an increase of 650% from the average daily volume of 373,698 shares. The stock had previously closed at C$0.06.

Noble Mineral Exploration Stock Performance

The company has a debt-to-equity ratio of 1.27, a current ratio of 14.06 and a quick ratio of 16.26. The stock has a market cap of C$10.32 million, a price-to-earnings ratio of 1.97 and a beta of 2.76. The firm has a fifty day moving average of C$0.04 and a 200 day moving average of C$0.04.

Noble Mineral Exploration Company Profile

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.