Niobay Metals (CVE:NBY) Trading Down 13.3% – Should You Sell?

Niobay Metals Inc. (CVE:NBYGet Free Report) dropped 13.3% on Wednesday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 323,033 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 317,484 shares. The stock had previously closed at C$0.15.

Niobay Metals Stock Down 13.3%

The company has a market cap of C$24.32 million, a price-to-earnings ratio of -4.33 and a beta of 1.68. The company has a fifty day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.13.

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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