Noble Mineral Exploration (CVE:NOB) Stock Price Down 12.5% – Here’s Why

Noble Mineral Exploration Inc. (CVE:NOBGet Free Report) fell 12.5% on Saturday . The stock traded as low as C$0.04 and last traded at C$0.04. 504,550 shares changed hands during mid-day trading, an increase of 124% from the average session volume of 225,152 shares. The stock had previously closed at C$0.04.

Noble Mineral Exploration Price 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 company has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.05. The stock has a market capitalization of C$4.81 million, a price-to-earnings ratio of 0.92 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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