Niobay Metals (CVE:NBY) Stock Price Down 13.3% – Time to Sell?

Niobay Metals Inc. (CVE:NBYGet Free Report)’s share price dropped 13.3% during trading on Thursday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 430,085 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 334,148 shares. The stock had previously closed at C$0.15.

Niobay Metals Stock Performance

The stock has a market capitalization of C$25.25 million, a price-to-earnings ratio of -4.50 and a beta of 1.68. The business has a 50-day moving average of C$0.14 and a 200-day moving average of C$0.13.

Niobay Metals Company Profile

(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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