Niobay Metals (CVE:NBY) Trading Down 8.3% – Here’s What Happened

Niobay Metals Inc. (CVE:NBYGet Free Report) fell 8.3% during mid-day trading on Friday . The company traded as low as C$0.06 and last traded at C$0.06. 238,000 shares were traded during trading, an increase of 54% from the average session volume of 154,132 shares. The stock had previously closed at C$0.06.

Niobay Metals Stock Performance

The company has a market cap of C$6.19 million, a PE ratio of -2.00 and a beta of 0.29. The company’s 50 day moving average price is C$0.06 and its 200-day moving average price is C$0.06.

About Niobay Metals

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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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