Niobay Metals (CVE:NBY) Stock Price Down 10% – Here’s Why

Niobay Metals Inc. (CVE:NBY)’s share price traded down 10% on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. 344,601 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 258,419 shares. The stock had previously closed at C$0.10.

Niobay Metals Stock Down 10.0%

The business has a 50-day simple moving average of C$0.12 and a 200-day simple moving average of C$0.14. The company has a market cap of C$16.84 million, a PE ratio of -3.00 and a beta of 1.67.

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.