Niobay Metals (CVE:NBY) Sets New 12-Month Low – Here’s Why

Shares of Niobay Metals Inc. (CVE:NBY – Get Free Report) hit a new 52-week low during trading on Tuesday. The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 4,565 shares traded. The stock had previously closed at C$0.07.

Niobay Metals Trading Down 6.7%

The stock has a market capitalization of C$13.16 million, a P/E ratio of -3.50 and a beta of 1.11. The company has a fifty day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.09.

Niobay Metals Company Profile

(Get Free Report)

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.

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