Niobay Metals (CVE:NBY) Trading Down 15.6% – Should You Sell?

Niobay Metals Inc. (CVE:NBY) shares fell 15.6% on Tuesday . The stock traded as low as C$0.19 and last traded at C$0.19. 467,995 shares traded hands during trading, an increase of 94% from the average session volume of 241,053 shares. The stock had previously closed at C$0.23.

Niobay Metals Price Performance

The company’s 50-day moving average is C$0.10 and its two-hundred day moving average is C$0.08. The firm has a market cap of C$25.14 million, a P/E ratio of -6.33 and a beta of 0.48.

Niobay Metals Company Profile

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.