Niobay Metals (CVE:NBY) Shares Down 11.8% – Here’s Why

by · The Markets Daily

Niobay Metals Inc. (CVE:NBY – Get Free Report) was down 11.8% during trading on Monday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 239,088 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 225,911 shares. The stock had previously closed at C$0.17.

Niobay Metals Price Performance

The stock has a market cap of C$18.53 million, a price-to-earnings ratio of -4.67 and a beta of 0.41. The firm has a 50 day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.11.

Niobay Metals Company Profile

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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.

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