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

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

Niobay Metals Trading Up 27.3 %

The stock has a market cap of C$7.22 million, a P/E ratio of -2.33 and a beta of 0.29. The business’s fifty day simple moving average is C$0.06 and its 200 day simple moving average is C$0.06.

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.