Niobay Metals (CVE:NBY) Sets New 12-Month Low – Here’s Why

Niobay Metals Inc. (CVE:NBY – Get Free Report) shares hit a new 52-week low on Wednesday. The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 6,250 shares changing hands. The stock had previously closed at C$0.07.

Niobay Metals Stock Performance

The firm has a fifty day moving average price of C$0.08 and a 200 day moving average price of C$0.09. The firm has a market capitalization of C$13.16 million, a price-to-earnings ratio of -3.50 and a beta of 1.11.

About Niobay Metals

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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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