Niobay Metals (CVE:NBY) Trading Down 20.6% – Here’s Why

Niobay Metals Inc. (CVE:NBY) shares fell 20.6% on Monday . The company traded as low as C$0.14 and last traded at C$0.14. 608,966 shares changed hands during mid-day trading, an increase of 167% from the average session volume of 227,698 shares. The stock had previously closed at C$0.17.

Niobay Metals Stock Down 3.7%

The business has a 50-day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.11. The stock has a market capitalization of C$17.35 million, a price-to-earnings ratio of -4.33 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.