Shares of Niobay Metals Inc. (CVE:NBY – Get Free Report) fell 27.3% during trading on Thursday . The stock traded as low as C$0.07 and last traded at C$0.08. 2,287,953 shares traded hands during mid-day trading, an increase of 986% from the average session volume of 210,668 shares. The stock had previously closed at C$0.11.
Niobay Metals Stock Down 27.3%
The company’s 50-day simple moving average is C$0.07 and its 200 day simple moving average is C$0.06. The company has a market capitalization of C$8.25 million, a P/E ratio of -2.67 and a beta of 0.29.
About Niobay Metals
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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