Niobay Metals (CVE:NBY) Shares Up 27.3% – Should You Buy?

Niobay Metals Inc. (CVE:NBY)’s share price shot up 27.3% during mid-day trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. 518,467 shares were traded during mid-day trading, an increase of 231% from the average session volume of 156,579 shares. The stock had previously closed at C$0.06.

Niobay Metals Stock Performance

The company has a market capitalization of C$7.22 million, a PE ratio of -2.33 and a beta of 0.29. The business’s 50-day moving average is C$0.06 and its 200-day moving average is C$0.06.

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.