Niobay Metals (CVE:NBY) Trading Down 12.5% – Time to Sell?

Niobay Metals Inc. (CVE:NBY) shares fell 12.5% during trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. 893,393 shares were traded during mid-day trading, an increase of 423% from the average session volume of 170,861 shares. The stock had previously closed at C$0.08.

Niobay Metals Trading Down 12.5%

The company has a market cap of C$7.22 million, a price-to-earnings ratio of -2.33 and a beta of 0.29. The stock’s 50 day moving average price is C$0.06 and its 200 day moving average price is C$0.06.

Niobay Metals Company Profile

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.