Niobay Metals (CVE:NBY) Trading Up 27.3% – Here’s Why

Shares of Niobay Metals Inc. (CVE:NBY) were up 27.3% during mid-day trading on Friday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 518,467 shares traded hands during trading, an increase of 231% from the average daily volume of 156,579 shares. The stock had previously closed at C$0.06.

Niobay Metals Trading Up 27.3 %

The company’s 50-day moving average is C$0.06 and its 200 day moving average is C$0.06. The firm has a market cap of C$7.22 million, a PE ratio of -2.33 and a beta of 0.29.

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.