Niobay Metals (CVE:NBY) Shares Up 18.2% – Here’s What Happened

Shares of Niobay Metals Inc. (CVE:NBY) rose 18.2% during mid-day trading on Friday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 510,467 shares changed hands during mid-day trading, an increase of 227% from the average daily volume of 156,158 shares. The stock had previously closed at C$0.06.

Niobay Metals Stock Performance

The business has a fifty day simple moving average of C$0.06 and a 200 day simple moving average of C$0.06. The stock has a market cap of C$7.22 million, a price-to-earnings 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.