Niobay Metals (CVE:NBY) Trading Down 12.5% – Here’s Why

Niobay Metals Inc. (CVE:NBYGet Free Report)’s stock price fell 12.5% on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. 893,393 shares were traded during trading, an increase of 423% from the average session volume of 170,861 shares. The stock had previously closed at C$0.08.

Niobay Metals Trading Down 12.5%

The business has a fifty day moving average price of C$0.06 and a two-hundred day moving average price of C$0.06. The company has a market cap of C$7.22 million, a price-to-earnings ratio of -2.33 and a beta of 0.29.

Niobay Metals Company Profile

(Get Free Report)

Niobay Metals Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for niobium, tantalum, titanium, and phosphate properties. It holds 100% interests in the James Bay niobium project that covers an area of 8,833 hectares located in the James Bay Lowlands in northeastern Ontario, Canada; and 72.5% interests in the Crevier niobium and tantalum project that covers 83 contiguous concessions covering a total of 4,645 hectares located to the north of Girardville, in the Lac Saint-Jean region, province of Quebec, Canada.

Further Reading

Receive News & Ratings for Niobay Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Niobay Metals and related companies with MarketBeat.com's FREE daily email newsletter.