Niobay Metals (CVE:NBY) Trading Up 25% – What’s Next?

Niobay Metals Inc. (CVE:NBY) rose 25% on Wednesday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 210,662 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 325,635 shares. The stock had previously closed at C$0.10.

Niobay Metals Price Performance

The stock has a 50-day simple moving average of C$0.14 and a 200 day simple moving average of C$0.13. The company has a market capitalization of C$20.58 million, a PE ratio of -3.67 and a beta of 1.99.

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.