Niobay Metals (CVE:NBY) Shares Down 23.1% – Should You Sell?

Niobay Metals Inc. (CVE:NBY) shares fell 23.1% on Thursday . The company traded as low as C$0.09 and last traded at C$0.10. 1,558,754 shares were traded during trading, an increase of 396% from the average session volume of 314,277 shares. The stock had previously closed at C$0.13.

Niobay Metals Trading Down 26.9%

The firm has a market cap of C$17.77 million, a P/E ratio of -3.17 and a beta of 1.99. The stock has a 50 day simple moving average of C$0.14 and a 200-day simple moving average of C$0.13.

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.