Noble Mineral Exploration (CVE:NOB) Shares Down 15.8% – Here’s What Happened

Noble Mineral Exploration Inc. (CVE:NOB) shares traded down 15.8% during mid-day trading on Friday . The company traded as low as C$0.08 and last traded at C$0.08. 487,178 shares traded hands during trading, a decline of 38% from the average session volume of 782,613 shares. The stock had previously closed at C$0.10.

Noble Mineral Exploration Price Performance

The company’s fifty day moving average is C$0.14 and its 200 day moving average is C$0.09. 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$10.32 million, a PE ratio of -9.31 and a beta of -0.46.

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. Noble Mineral Exploration Inc is headquartered in Toronto, Canada.