Niobay Metals (CVE:NBY) Stock Price Up 21.4% – Should You Buy?

Niobay Metals Inc. (CVE:NBYGet Free Report)’s share price rose 21.4% during trading on Tuesday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 1,047,641 shares were traded during trading, an increase of 470% from the average daily volume of 183,952 shares. The stock had previously closed at C$0.07.

Niobay Metals Stock Performance

The company has a market capitalization of C$8.77 million, a PE ratio of -2.83 and a beta of 0.29. The company has a 50 day moving average price of C$0.06 and a 200 day moving average price of C$0.06.

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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