Niobay Metals (CVE:NBY) Trading Up 24.2% – Should You Buy?

Niobay Metals Inc. (CVE:NBY)’s share price was up 24.2% during mid-day trading on Saturday . The company traded as high as C$0.24 and last traded at C$0.21. Approximately 1,389,717 shares traded hands during trading, an increase of 551% from the average daily volume of 213,403 shares. The stock had previously closed at C$0.17.

Niobay Metals Price Performance

The business’s 50 day moving average price is C$0.08 and its 200-day moving average price is C$0.07. The firm has a market capitalization of C$27.13 million, a price-to-earnings ratio of -6.83 and a beta of 0.48.

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.