Shares of Noble Mineral Exploration Inc. (CVE:NOB – Get Free Report) dropped 12.5% during mid-day trading on Saturday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 504,550 shares were traded during mid-day trading, an increase of 124% from the average daily volume of 225,152 shares. The stock had previously closed at C$0.04.
Noble Mineral Exploration Trading Down 12.5%
The company has a market cap of C$4.81 million, a price-to-earnings ratio of 0.92 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. The business’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.05.
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.
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