Niobay Metals (CVE:NBY) Shares Down 20.6% – Here’s What Happened

by · The Markets Daily

Niobay Metals Inc. (CVE:NBY – Get Free Report) traded down 20.6% during trading on Tuesday . The stock traded as low as C$0.14 and last traded at C$0.14. 608,966 shares were traded during mid-day trading, an increase of 167% from the average session volume of 227,722 shares. The stock had previously closed at C$0.17.

Niobay Metals Stock Performance

The company’s fifty day moving average price is C$0.17 and its 200 day moving average price is C$0.11. The firm has a market capitalization of C$17.35 million, a price-to-earnings ratio of -4.33 and a beta of 0.41.

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.

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