Niobay Metals Inc. (CVE:NBY – Get Free Report) shares dropped 9.1% on Tuesday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 432,002 shares changed hands during mid-day trading, an increase of 146% from the average session volume of 175,535 shares. The stock had previously closed at C$0.09.
Niobay Metals Stock Performance
The company has a market cap of C$15.01 million, a price-to-earnings ratio of -4.00 and a beta of 1.44. The company has a 50-day simple moving average of C$0.09 and a 200-day simple moving average of C$0.10.
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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