Niobay Metals (CVE:NBY) Trading Down 26.9% – Here’s Why

Niobay Metals Inc. (CVE:NBY)’s share price fell 26.9% during mid-day trading on Friday . The stock traded as low as C$0.09 and last traded at C$0.10. 1,817,754 shares traded hands during mid-day trading, an increase of 464% from the average session volume of 322,132 shares. The stock had previously closed at C$0.13.

Niobay Metals Trading Down 26.9%

The company has a market capitalization of C$17.77 million, a PE ratio of -3.17 and a beta of 1.99. The stock’s 50-day moving average is C$0.14 and its two-hundred day moving average is C$0.13.

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.