Niobay Metals (CVE:NBY) Stock Price Down 20.6% – Time to Sell?

by · The Markets Daily

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

Niobay Metals Trading Down 20.6%

The stock has a 50-day simple moving average of C$0.16 and a 200 day simple moving average of C$0.11. The company has a market cap of C$17.87 million, a price-to-earnings ratio of -4.50 and a beta of 0.41.

About Niobay Metals

(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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