Niobay Metals (CVE:NBY) Stock Price Down 20.6% – Should You Sell?

Niobay Metals Inc. (CVE:NBY) shares traded down 20.6% during mid-day trading on Monday . The stock traded as low as C$0.14 and last traded at C$0.14. 602,966 shares traded hands during trading, an increase of 165% from the average session volume of 227,693 shares. The stock had previously closed at C$0.17.

Niobay Metals Stock Down 20.6%

The company’s 50-day moving average price is C$0.16 and its 200-day moving average price is C$0.11. The firm has a market cap of C$17.87 million, a price-to-earnings ratio of -4.50 and a beta of 0.41.

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.