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Niobay Metals
(NBY)
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Rating:42Neutral
Price Target:
C$0.07
▼(-16.25% Downside)
Action:Reiterated
Date:10/30/26
The score is weighed down primarily by weak financial performance—no revenue, ongoing losses, and persistent cash burn that erodes equity and implies continued financing needs—despite the benefit of having no debt. Technicals add additional pressure with price below key moving averages and negative MACD. Valuation provides limited support because the negative P/E reflects losses and no dividend yield is available.
Positive Factors
Debt-Free Balance Sheet
The absence of reported debt limits interest obligations and reduces refinancing pressure, giving Niobay greater flexibility while it advances its projects. This is a meaningful structural support for a pre-production explorer, although it does not eliminate the need to fund ongoing activities.
Negative Factors
No Operating Revenue
With no revenue base, Niobay cannot currently fund its activities through commercial operations, leaving its financial profile dependent on external capital or future project transactions. This makes progress toward resource definition and eventual production especially important to establishing durable earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of reported debt limits interest obligations and reduces refinancing pressure, giving Niobay greater flexibility while it advances its projects. This is a meaningful structural support for a pre-production explorer, although it does not eliminate the need to fund ongoing activities.
Read all positive factors
Niobay Metals (NBY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$12.22M
Dividend YieldN/A
Average Volume (3M)130.07K
Price to Earnings (P/E)―
Beta (1Y)-0.34
Revenue GrowthN/A
EPS Growth10.42%
CountryCA
Employees3
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding188,058,690
10 Day Avg. Volume122,760
30 Day Avg. Volume130,070
Financial Highlights & Ratios
PEG Ratio0.27
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. functions as a mineral resource enterprise, primarily engaged in securing, investigating, evaluating, and advancing mining ventures throughout Canada. The company specifically targets deposits containing niobium and tantalum. It...
How the Company Makes Money
Niobay Metals does not have publicly available information indicating recurring revenue from commercial mineral production, product sales, or operating mine cash flow; therefore, a detailed operating revenue model cannot be stated. Typical monetiz...
Niobay Metals Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
44
Neutral
Cash Flow
10
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -71.96K | -78.46K | -95.06K | -115.83K | -122.45K | -18.19K |
| EBITDA | -4.07M | -2.90M | -2.34M | -2.48M | -4.76M | -4.45M |
| Net Income | -3.91M | -2.98M | -2.40M | -2.10M | -4.46M | -3.97M |
Balance Sheet | ||||||
| Total Assets | 8.65M | 11.14M | 3.55M | 4.06M | 6.17M | 11.13M |
| Cash, Cash Equivalents and Short-Term Investments | 7.64M | 9.91M | 2.68M | 3.09M | 4.53M | 10.18M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.60M | 1.68M | 382.57K | 154.49K | 782.90K | 1.11M |
| Stockholders Equity | 7.95M | 10.25M | 3.92M | 4.61M | 5.87M | 10.10M |
Cash Flow | ||||||
| Free Cash Flow | -4.31M | -3.85M | -2.26M | -2.24M | -6.68M | -4.00M |
| Operating Cash Flow | -4.31M | -3.85M | -2.22M | -2.21M | -6.17M | -3.83M |
| Investing Cash Flow | 0.00 | -2.50M | -40.00K | -25.00K | 449.80K | 569.78K |
| Financing Cash Flow | 10.60M | 11.08M | 1.85M | 798.92K | 73.25K | 271.91K |
Niobay Metals Technical Analysis
Negative
0.08
Price Trends
0.08
Negative
0.08
Negative
0.09
Negative
Market Momentum
>-0.01
Positive
41.71
Neutral
-16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NBY, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.08, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.71 is Neutral, neither overbought nor oversold. The STOCH value of -16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NBY.
Niobay Metals 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% | |
53 Neutral | C$7.48M | 0.27 | 234.70% | ― | ― | ― | |
44 Neutral | C$9.35M | -10.33 | -3.27% | ― | ― | 50.68% | |
43 Neutral | C$10.44M | -3.20 | -306.36% | ― | ― | -442.00% | |
42 Neutral | C$12.22M | -2.81 | -50.89% | ― | ― | 10.42% |
* General Sector Average
TSE:NBY
Niobay Metals
0.07
-0.16
-70.45%
TSE:ELEF
Silver Elephant Mining
0.13
-0.15
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TSE:SMY
Search Minerals
0.19
-0.40
-67.80%
TSE:WLF
Wolfden Resources
0.06
-0.06
-52.17%
Niobay Metals Corporate Events
Business Operations and Strategy
NioBay Metals Reports High-Grade Tantalum Hits at Québec’s Crevier Project
Positive
Oct 13, 2026
NioBay Metals has launched a 10,000-meter summer-autumn drilling campaign at its Crevier niobium and tantalum project in Québec, where it holds an 80.2% interest. The program focuses on higher-grade tantalum zones in the northern sector, reso...
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.