Niobay Metals (CVE:NBY) Stock Price Up 57.1% – Here’s What Happened

Niobay Metals Inc. (CVE:NBY)’s share price shot up 57.1% during mid-day trading on Friday . The stock traded as high as C$0.17 and last traded at C$0.17. 1,792,943 shares were traded during mid-day trading, an increase of 768% from the average session volume of 206,603 shares. The stock had previously closed at C$0.11.

Niobay Metals Stock Up 57.1%

The stock has a market cap of C$21.84 million, a P/E ratio of -5.50 and a beta of 0.48. The stock has a fifty day simple moving average of C$0.08 and a 200-day simple moving average of C$0.07.

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.