Niobay Metals (CVE:NBY) Stock Price Down 15.6% – What’s Next?

Shares of Niobay Metals Inc. (CVE:NBY) dropped 15.6% during mid-day trading on Monday . The stock traded as low as C$0.19 and last traded at C$0.19. Approximately 467,995 shares changed hands during trading, an increase of 94% from the average daily volume of 241,053 shares. The stock had previously closed at C$0.23.

Niobay Metals Stock Down 15.6%

The company’s fifty day moving average price is C$0.10 and its 200-day moving average price is C$0.08. The stock has a market capitalization of C$25.14 million, a PE ratio of -6.33 and a beta of 0.48.

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.