Niobay Metals (CVE:NBY) Shares Down 20.6% – Here’s Why

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

Niobay Metals Price Performance

The stock has a market cap of C$18.02 million, a PE ratio of -4.50 and a beta of 0.41. The business has a fifty day moving average of C$0.17 and a 200-day moving average of C$0.11.

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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