Shares of Niobay Metals Inc. (CVE:NBY – Get Free Report) were up 30% on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 178,000 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 139,724 shares. The stock had previously closed at C$0.05.
Niobay Metals Trading Up 30.0 %
The business has a 50 day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06. The stock has a market cap of C$5.51 million, a price-to-earnings ratio of -1.67 and a beta of 0.31.
Niobay Metals Company Profile
Niobay Metals Inc, a mineral resource company, acquires, explores for, evaluates, and develops mining properties in Canada. The company explores for niobium, tantalum, titanium, and phosphate properties. It holds 100% interests in the James Bay 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.
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