Niobay Metals (CVE:NBY) Stock Price Down 13.3% – Should You Sell?

Niobay Metals Inc. (CVE:NBY) shares were down 13.3% during mid-day trading on Wednesday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 430,085 shares traded hands during mid-day trading, an increase of 29% from the average daily volume of 334,148 shares. The stock had previously closed at C$0.15.

Niobay Metals Stock Performance

The company has a market capitalization of C$24.32 million, a P/E ratio of -4.33 and a beta of 1.68. The company 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.