Niobay Metals (CVE:NBY) Trading Up 33.3% – Here’s Why

Niobay Metals Inc. (CVE:NBY) was up 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 1,580,094 shares traded hands during mid-day trading, an increase of 865% from the average daily volume of 163,707 shares. The stock had previously closed at C$0.06.

Niobay Metals Trading Up 33.3%

The firm has a market capitalization of C$8.25 million, a price-to-earnings ratio of -2.67 and a beta of 0.29. The stock has a fifty day moving average of C$0.06 and a 200-day moving average of C$0.06.

About Niobay Metals

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.