Niobay Metals (NBY) AI Stock Analysis

• Market Cap: C$6.44M
• Dividend Yield: N/A
• Average Volume (3M): 108.85K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.49
• Revenue Growth: N/A
• EPS Growth: 7.77%
• Country: CA
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 61
• Industry: Industrial Materials
• EPS (TTM): -0.03
• Shares Outstanding: 107,277,570
• 10 Day Avg. Volume: 64,355
• 30 Day Avg. Volume: 108,853
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Niobay Metals is facing substantial financial difficulties with no revenue and persistent losses, weighing heavily on its overall score. While technical indicators and valuation reflect neutral to cautious sentiment, recent corporate events like board strengthening and titanium discoveries provide some optimism. However, these positives are insufficient to offset the significant financial and operational challenges.

Niobay Metals Business Overview & Revenue Model

Company Description

Niobay Metals Inc., a mineral resource company, acquires, explores for, evaluates, and develops mining properties in Canada. The company explores for niobium and tantalum deposits. Its principal asset is the James Bay Project that covers an area of 8,833 hectares located in the James Bay Lowlands in the northern Ontario, Canada. The company was formerly known as MDN Inc. and changed its name to Niobay Metals Inc. in September 2016. Niobay Metals Inc. was incorporated in 1954 and is based in Montreal, Canada.

How the Company Makes Money

Niobay Metals generates revenue through the exploration and potential development of its mineral properties, primarily focusing on niobium. The company aims to monetize its resources through the eventual sale or partnership in the development of its niobium assets. Key revenue streams include the potential sale of niobium once production commences and strategic partnerships or joint ventures with larger mining entities interested in investing in niobium resources. Additionally, the company may engage in raising capital through equity financing to support its exploration and development activities. Significant factors contributing to its earnings would include successful project development, favorable market conditions for niobium, and securing necessary permits and approvals for mining operations.

Niobay Metals Financial Statement Overview

Summary

Niobay Metals is facing significant financial challenges with no revenue and consistent losses. The absence of debt is a positive, but deteriorating equity and assets highlight potential risks. Urgent strategic changes are necessary to improve financial health and operational viability.

Income Statement

The company has consistently reported no revenue over the years, leading to negative gross and net profit margins. This lack of revenue growth and profitability is a major concern, indicating significant operational challenges.

Balance Sheet

Despite no total debt, which is a positive, the declining stockholders' equity and total assets suggest a weakening financial position. The equity ratio shows adequate equity financing, but the lack of revenue generation is a concern.

Cash Flow

The company has experienced negative operating and free cash flows continuously, with no signs of improvement. The negative free cash flow growth indicates ongoing cash flow challenges, posing a risk to financial sustainability.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-115.83K	-122.45K	-18.19K	-14.97K	-14.03K
	EBIT
-2.60M	-5.24M	-4.47M	-1.00M	-1.62M
	EBITDA
-2.48M	-4.76M	-4.45M	-748.73K	-1.61M
	Net Income Common Stockholders
-2.10M	-4.46M	-3.97M	-744.79K	-1.50M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.09M	4.53M	10.18M	13.17M	3.27M
	Total Assets
4.06M	6.17M	11.13M	14.35M	4.08M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-3.09M	-4.53M	-10.18M	-13.17M	-3.27M
	Total Liabilities
154.49K	782.90K	1.11M	1.06M	683.82K
	Stockholders Equity
4.61M	5.87M	10.10M	13.27M	3.35M
Cash Flow		Free Cash Flow
-2.24M	-6.68M	-4.00M	-2.91M	-1.33M
	Operating Cash Flow
-2.21M	-6.17M	-3.83M	-2.89M	-1.33M
	Investing Cash Flow
-25.00K	449.80K	569.78K	1.97M	-1.17K
	Financing Cash Flow
798.92K	73.25K	271.91K	10.83M	2.31M

Niobay Metals Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NBY, the sentiment is Neutral. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.88 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:NBY.

Niobay Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	49 Neutral	$1.95B	-1.32	-21.23%	3.72%	0.87%	-29.37%
NBY	45 Neutral	C$6.44M	―	-56.14%	―	―	7.77%
GGI	37 Underperform	C$10.31M	―	-2.41%	―	―	71.77%
VLI	29 Underperform	C$6.98M	―	-15.46%	―	―	-50.72%
GQ	29 Underperform	C$5.83M	―	-599.35%	―	―	-250.68%

Niobay Metals Corporate Events

NioBay Metals Strengthens Board with New Appointment

NioBay Metals Inc. has appointed Laurence Farmer to its Board of Directors, succeeding Mathieu Savard. Farmer brings extensive experience in cross-border M&A, finance, and capital markets, which could enhance NioBay’s strategic development. The company also granted Farmer 50,000 incentive stock options, aligning his interests with the company’s growth objectives.

NioBay Metals Reports Significant Titanium Discoveries at Foothills Property

NioBay Metals Inc. has announced significant titanium findings in its drilling operations at the Foothills Property in Québec, with titanium concentrations reaching up to 22%. This discovery, part of their fall 2024 exploration campaign, highlights the potential for substantial titanium resources in the region, which could enhance NioBay’s position in the mining sector and offer promising opportunities for stakeholders.