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NEO Battery Materials Ltd
(NBM)
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Rating:45Neutral
Price Target:
C$0.18
▼(-2.22% Downside)
Action:Reiterated
Date:08/26/26
The score is primarily held down by weak financial performance—very small revenue, large losses, and substantial ongoing cash burn—combined with bearish technical trends (price below key moving averages and negative MACD). A modest offset comes from low leverage on the balance sheet and positive corporate events (a ~$4M financing to support manufacturing expansion), but these do not yet resolve profitability and cash-flow risks.
Positive Factors
Low Balance-Sheet Leverage
Manageable leverage limits fixed financial obligations and gives NEO some balance-sheet flexibility while it scales manufacturing. This is a relative strength, although preserving it depends on controlling losses and avoiding excessive future financing.
Negative Factors
Minimal Scale and Persistent Losses
Revenue remains far too small to absorb the company’s operating cost base, while negative gross profit shows that commercialization has not yet produced economic viability. The persistent gap between sales and expenses makes a near-term path to breakeven uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Balance-Sheet Leverage
Manageable leverage limits fixed financial obligations and gives NEO some balance-sheet flexibility while it scales manufacturing. This is a relative strength, although preserving it depends on controlling losses and avoiding excessive future financing.
Read all positive factors
NEO Battery Materials Ltd (NBM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$29.33M
Dividend YieldN/A
Average Volume (3M)247.66K
Price to Earnings (P/E)―
Beta (1Y)1.44
Revenue GrowthN/A
EPS Growth-140.23%
CountryCA
Employees4
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.08
Shares Outstanding154,392,930
10 Day Avg. Volume165,732
30 Day Avg. Volume247,656
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)9.33
Price to Sales (P/S)377.02
P/FCF Ratio-8.89
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
NEO Battery Materials Ltd Business Overview & Revenue Model
Company Description
NEO Battery Materials Ltd., founded in 2006 and headquartered in Vancouver, Canada, operates as an emerging resource enterprise specializing in the search for battery metals throughout North America. The company possesses stakes in mining claims c...
NEO Battery Materials Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
16
Very Negative
| Breakdown | May 2026 | May 2025 | May 2024 | May 2022 | May 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 267.72K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -769.30K | -281.22K | -206.97K | -112.50K | -59.77K |
| EBITDA | -9.49M | -3.96M | -2.98M | -1.82M | -1.44M |
| Net Income | -10.01M | -3.88M | -2.84M | -1.61M | -1.66M |
Balance Sheet | |||||
| Total Assets | 15.36M | 1.42M | 2.95M | 3.13M | 746.37K |
| Cash, Cash Equivalents and Short-Term Investments | 5.50M | 369.69K | 941.98K | 1.63M | 638.30K |
| Total Debt | 1.52M | 168.07K | 215.75K | 177.86K | 1.37M |
| Total Liabilities | 4.54M | 654.09K | 725.43K | 179.24K | 1.58M |
| Stockholders Equity | 10.82M | 977.77K | 2.06M | 1.89M | -834.53K |
Cash Flow | |||||
| Free Cash Flow | -11.35M | -1.75M | -2.88M | -2.26M | -760.43K |
| Operating Cash Flow | -7.34M | -1.73M | -2.52M | -1.77M | -759.08K |
| Investing Cash Flow | -4.30M | -25.22K | -2.07M | -1.16M | -1.34K |
| Financing Cash Flow | 16.71M | 1.22M | 3.90M | 3.31M | 1.18M |
NEO Battery Materials Ltd Technical Analysis
Neutral
0.18
Price Trends
0.24
Negative
0.33
Negative
0.47
Negative
Market Momentum
-0.02
Negative
44.14
Neutral
60.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NBM, the sentiment is Neutral. The current price of 0.18 is above the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.24, and below the 200-day MA of 0.47, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 44.14 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:NBM.
NEO Battery Materials Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$31.22M | -3.92 | -55.00% | ― | ― | ― | |
51 Neutral | C$46.62M | -10.34 | -71.25% | ― | ― | 74.25% | |
48 Neutral | C$51.39M | -53.66 | -3.63% | ― | ― | -42.86% | |
47 Neutral | C$15.67M | -0.59 | -66.28% | ― | ― | -10.86% | |
46 Neutral | C$10.64M | -7.95 | -11.39% | ― | ― | 95.68% | |
45 Neutral | C$29.33M | -2.34 | -168.02% | ― | ― | -140.23% |
* General Sector Average
TSE:NBM
NEO Battery Materials Ltd
0.19
-0.29
-60.42%
TSE:GGI
Garibaldi Resources
0.07
-0.07
-50.00%
TSE:LIT
Argentina Lithium & Energy
0.09
0.00
0.00%
TSE:NMI
Namibia Critical Metals Inc
0.22
0.13
144.44%
TSE:STS
South Star Battery Metals
0.22
0.04
22.22%
TSE:LBNK
LithiumBank Resources Corp.
0.73
0.49
197.96%
NEO Battery Materials Ltd Corporate Events
Business Operations and StrategyPrivate Placements and Financing
NEO Battery Raises $4 Million to Expand South Korean Battery Manufacturing
Positive
Aug 14, 2026
NEO Battery Materials Ltd. has closed a non-brokered private placement under the listed issuer financing exemption, issuing 20,000,000 units at $0.20 each for gross proceeds of $4 million, with each unit comprising one common share and a warrant e...
Business Operations and StrategyPrivate Placements and Financing
NEO Battery Amends $4 Million LIFE Offering to Fund South Korea Expansion
Positive
Aug 7, 2026
NEO Battery Materials Ltd. has amended the terms of its non-brokered LIFE Offering, now planning to issue up to 20,000,000 units at $0.20 per unit for gross proceeds of up to $4,000,000. Each unit comprises one common share and one non-transferabl...
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.