Niobay Metals (CVE:NBY) Trading Up 8% – Here’s What Happened

Shares of Niobay Metals Inc. (CVE:NBYGet Free Report) rose 8% on Thursday . The company traded as high as C$0.14 and last traded at C$0.14. Approximately 208,541 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 323,708 shares. The stock had previously closed at C$0.13.

Niobay Metals Price Performance

The business has a fifty day moving average price of C$0.14 and a two-hundred day moving average price of C$0.13. The firm has a market capitalization of C$25.25 million, a price-to-earnings ratio of -4.50 and a beta of 1.99.

About Niobay Metals

(Get Free Report)

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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