Niobay Metals Inc. (CVE:NBY – Get Free Report)’s stock price dropped 13.3% during mid-day trading on Friday. The company traded as low as C$0.07 and last traded at C$0.07. Approximately 809,168 shares traded hands during trading, an increase of 362% from the average session volume of 175,152 shares. The stock had previously closed at C$0.07.
Niobay Metals Price Performance
The stock has a 50-day moving average of C$0.07 and a 200-day moving average of C$0.09. The firm has a market cap of C$12.22 million, a price-to-earnings ratio of -3.25 and a beta of 0.69.
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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