Niobay Metals Inc. (CVE:NBY – Get Free Report)’s share price dropped 13.3% during mid-day trading on Thursday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 430,085 shares traded hands during trading, an increase of 29% from the average daily volume of 334,148 shares. The stock had previously closed at C$0.15.
Niobay Metals Stock Performance
The firm’s 50 day moving average price is C$0.14 and its two-hundred day moving average price is C$0.13. The company has a market cap of C$24.32 million, a P/E ratio of -4.33 and a beta of 1.68.
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.
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