Niobay Metals Inc (TSE:NBY)
:NBY
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Niobay Metals
(NBY)
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Rating:46Neutral
Price Target:
C$0.10
▼(-45.56% Downside)
Action:Reiterated
Date:05/23/26
The score is weighed down primarily by weak financial performance (no revenue, recurring losses, and ongoing cash burn). Technicals provide only a modest offset due to short-term strength versus the 20/50-day averages, but the longer-term trend remains negative, and valuation support is limited by continued losses and no dividend yield data.
Positive Factors
Focus on critical metals
A dedicated focus on niobium and tantalum positions the company in a specialized segment of industrial materials. Over 2–6 months this strategic focus preserves optionality: successful exploration or positive technical results could translate into long-term project value in niche supply chains that prize these critical metals.
Negative Factors
No revenue; recurring losses
A sustained absence of revenue and recurring operating losses means the business lacks internal cash-generation from operations. Over months this undermines self-funding ability, increases reliance on external financing, and limits capacity to scale exploration programs without dilution or funding constraints.
Read all positive and negative factors
Positive Factors
Negative Factors
Focus on critical metals
A dedicated focus on niobium and tantalum positions the company in a specialized segment of industrial materials. Over 2–6 months this strategic focus preserves optionality: successful exploration or positive technical results could translate into long-term project value in niche supply chains that prize these critical metals.
Read all positive factors
Niobay Metals (NBY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$19.32M
Dividend YieldN/A
Average Volume (3M)430.33K
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue GrowthN/A
EPS Growth-4.28%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding187,570,630
10 Day Avg. Volume923,287
30 Day Avg. Volume430,333
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)1.47
Price to Sales (P/S)0.00
P/FCF Ratio-3.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 o...
How the Company Makes Money
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Niobay Metals Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -78.46K | -95.06K | -115.83K | -122.45K | -18.19K |
| EBITDA | -2.90M | -2.34M | -2.48M | -4.76M | -4.45M |
| Net Income | -2.98M | -2.40M | -2.10M | -4.46M | -3.97M |
Balance Sheet | |||||
| Total Assets | 11.14M | 3.55M | 4.06M | 6.17M | 11.13M |
| Cash, Cash Equivalents and Short-Term Investments | 9.91M | 2.68M | 3.09M | 4.53M | 10.18M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.68M | 382.57K | 154.49K | 782.90K | 1.11M |
| Stockholders Equity | 10.25M | 3.92M | 4.61M | 5.87M | 10.10M |
Cash Flow | |||||
| Free Cash Flow | -3.85M | -2.26M | -2.24M | -6.68M | -4.00M |
| Operating Cash Flow | -3.85M | -2.22M | -2.21M | -6.17M | -3.83M |
| Investing Cash Flow | -2.50M | -40.00K | -25.00K | 449.80K | 569.78K |
| Financing Cash Flow | 11.08M | 1.85M | 798.92K | 73.25K | 271.91K |
Niobay Metals Technical Analysis
Positive
0.18
Price Trends
0.09
Positive
0.11
Negative
0.12
Negative
Market Momentum
<0.01
Negative
59.94
Neutral
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NBY, the sentiment is Positive. The current price of 0.18 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.94 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NBY.
Niobay Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$25.62M | -80.47 | -19.47% | ― | ― | 75.12% | |
46 Neutral | C$19.32M | -4.77 | -92.87% | ― | ― | -4.28% | |
45 Neutral | C$7.86M | 0.39 | -179.75% | ― | ― | ― | |
42 Neutral | C$14.81M | -4.99 | -34.77% | ― | ― | -418.52% | |
41 Neutral | C$15.17M | -13.09 | -6.20% | ― | ― | -15.68% |
* Basic Materials Sector Average
TSE:NBY
Niobay Metals
0.10
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66.67%
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Niobay Metals Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
NioBay Hits Key Metallurgical Milestone at Crevier Niobium‑Tantalum Project
Positive
Apr 8, 2026
NioBay Metals has completed metallurgical and hydrometallurgical test work on a 10‑tonne bulk sample from its Crevier niobium‑tantalum project in Québec, reporting niobium recoveries of about 70% at targeted concentrate grades and...
Business Operations and StrategyRegulatory Filings and Compliance
NioBay’s Crevier Tests Exceed Expectations, Paving Way for Niobium Oxide Focus
Positive
Apr 8, 2026
NioBay Metals has completed metallurgical and hydrometallurgical test work on a 10‑tonne bulk sample from its Crevier niobium and tantalum project in Quebec, reporting 70% recovery of niobium pentoxide at targeted grades and high extraction ...
Business Operations and Strategy
NioBay Upgrades Crevier Resource With First Measured Niobium Estimate
Positive
Feb 25, 2026
NioBay Metals has released a new mineral resource estimate for its 72.5%-owned Crevier niobium and tantalum project in Québec, incorporating additional drilling from 2022 to 2025 and recent metallurgical test work. The 2026 model, prepared un...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.