An issue of Noble Metal Group Incorporated (CVE:NMG) bonds fell 2.6% as a percentage of their face value during trading on Thursday. The high-yield issue of debt has a 8% coupon and is set to mature on October 15, 2021. The bonds in the issue are now trading at $50.50 and were trading at $55.25 last week. Price changes in a company’s bonds in credit markets often predict parallel changes in its stock price.
Shares of NMG stock remained flat at $C$0.01 on Friday. Noble Metal Group Incorporated has a 12-month low of C$0.01 and a 12-month high of C$0.04.
About Noble Metal Group (CVE:NMG)
Noble Metal Group Incorporated engages in the exploration and development of mineral properties. Noble Metal Group Incorporated is based in Chilliwack, Canada.
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