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

by · The Markets Daily

Shares of Niobay Metals Inc. (CVE:NBY – Get Free Report) dropped 20.6% during trading on Monday . The stock traded as low as C$0.14 and last traded at C$0.14. Approximately 602,966 shares were traded during trading, an increase of 165% from the average daily volume of 227,693 shares. The stock had previously closed at C$0.17.

Niobay Metals Trading Down 20.6%

The company’s 50 day moving average price is C$0.16 and its 200-day moving average price is C$0.11. The company has a market capitalization of C$17.87 million, a PE ratio of -4.50 and a beta of 0.41.

About Niobay Metals

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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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