Niobay Metals Inc. (CVE:NBY – Get Free Report) shares shot up 36.4% during mid-day trading on Friday . The stock traded as high as C$0.24 and last traded at C$0.23. 1,201,300 shares traded hands during trading, an increase of 466% from the average session volume of 212,188 shares. The stock had previously closed at C$0.17.
Niobay Metals Price Performance
The stock has a market capitalization of C$27.13 million, a P/E ratio of -6.83 and a beta of 0.48. The firm has a 50 day moving average of C$0.08 and a 200-day moving average of C$0.07.
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.
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