Niobay Metals (NBY) AI Stock Analysis

Niobay Metals

(TSXV:NBY)

Select Model

Rating:47Neutral

Price Target:CAD 0.07▲(6.15% Upside)

Action:reiterated

Date:10/30/26

Mixed financial performance driven by balance sheet strength offset by zero revenue and cash burn is the dominant factor. Weak technical signals add further pressure while negative earnings challenge valuation.

Positive Factors

Debt-Free Balance SheetThe 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 RevenueWith 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.

Niobay Metals (NBY) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 12.22M
Dividend Yield: ―
Average Volume (3M): 174.62K
Price to Earnings (P/E): -2.8
Beta (1Y): -0.34
Revenue Growth: ―
EPS Growth: 10.42%
Country: Canada
Employees: 3
Sector: General
Sector Strength: 55
Industry: Industrial Materials

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. Its k...

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 monetizati...

Niobay Metals Financial Statement Overview

Summary

Strong debt-free balance sheet offers stability with $7.95M equity, but zero revenue, consistent losses, and negative cash flows present significant challenges for this pre-revenue explorer.

Income Statement

12Very Negative

Balance Sheet

72Positive

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	0	0	0	0	0	0
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	0	0	0	0	0
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	-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

Technical Analysis SentimentNegative

Last Price0.07

Price Trends

50DMA0.08Negative

100DMA0.08Negative

200DMA0.09Negative

Market Momentum

MACD-0.00Positive

RSI41.71Neutral

STOCH-16.67Positive

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 0.07 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.08, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of -0.00 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:NBY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:ELEF	51Neutral	CAD 7.48M	0.27	234.70%	―	―	―
TSE:NBY	47Neutral	CAD 12.22M	-2.81	-50.89%	―	―	10.42%
TSE:SMY	44Neutral	CAD 9.35M	-10.33	-3.27%	―	―	50.68%
TSE:WLF	40Underperform	CAD 10.44M	-3.20	-306.36%	―	―	-442.00%

* General Sector Average

Performance Comparison

TSE:NBY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:NBY	Niobay Metals	0.07	-0.14	-67.50%
TSE:ELEF	Silver Elephant Mining Corp	0.13	-0.14	-50.94%
TSE:SMY	Search Minerals	0.19	-0.41	-68.33%
TSE:WLF	Wolfden Resources	0.06	-0.05	-47.62%

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, resourc...

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.

Date of analysis: Oct 30, 2026

Niobay Metals AI Stock Analysis