It was a tough day for Namibia Critical Metals Inc. (NMI:CA) as its stock fell 10% to finish the day at $0.09 a share on September 30. That reduces the company’s market cap to 16.23 million on 180.33 million outstanding shares. Namibia Critical Metals Inc. is a component of the the S&P/TSX SmallCap Index.
14,000 shares exchanged hands over the course of the day as compared with an average daily volume of n/a over the last 30 days.
Namibia Critical Metals Inc, formerly Namibia Rare Earths Inc is engaged in the business of exploration and development of rare earth properties in Namibia. The company holds an interest in the Lofdal Rare Earths Project, which covers an area of more than 400 square kilometers located to the northwest of the town of Khorixas in the Kunene Region of north-western Namibia. It primarily explores for rare and precious metals and minerals. Geographically, operations are carried out through the region of Canada.. Namibia Critical Metals Inc. makes its home in Bedford, NS, and currently has CEO Pine van Wyk at the helm.
The past 52 weeks have seen the stock trade in a range between a high of $0.26 and a low of $0.08, and it’s currently sporting a 50-day SMA of $n/a and a 200-day SMA of $n/a. The current P/E ratio stands at n/a, with a P/B ratio of 0.56.
Namibia Critical Metals Inc. ($NMI:CA) is one of the 200 Canadian small-cap stocks that make up the S&P500/TSX SmallCap Index, the widely recognized benchmark for gauging the performance of the Canadian small-cap market. Similar to the Russell 2000 in the United States, the index is market cap-weighted and consists only of smaller companies. To be a part of the index, a company must have a market capitalization between C$100 million and C$1.5 billion with an average share price of C$1 or more.