Niobay Metals (CVE:NBY) Shares Down 26.9% – Here’s What Happened

Niobay Metals Inc. (CVE:NBY)’s stock price fell 26.9% on Friday . The company traded as low as C$0.09 and last traded at C$0.10. 1,817,754 shares changed hands during trading, an increase of 464% from the average session volume of 322,132 shares. The stock had previously closed at C$0.13.

Niobay Metals Stock Performance

The company has a market capitalization of C$17.77 million, a P/E ratio of -3.17 and a beta of 1.99. The business’s fifty day simple moving average is C$0.14 and its 200-day simple moving average is 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.