Niobay Metals (NBY) AI Stock Analysis

• Market Cap: C$6.44M
• Dividend Yield: N/A
• Average Volume (3M): 116.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.44
• Revenue Growth: N/A
• EPS Growth: 51.38%
• Country: CA
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 107,277,570
• 10 Day Avg. Volume: 114,196
• 30 Day Avg. Volume: 116,396
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): 12.10
• P/FCF Ratio: 12.10
• 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 experiencing serious financial hurdles with no revenue and persistent losses. Despite some positive technical indicators, the company's negative valuation metrics and overbought technical signals present significant risks. Strategic intervention is crucial to address these financial and operational challenges.

Niobay Metals Business Overview & Revenue Model

Company Description

Niobay Metals Inc. (NBY) is a Canadian-based mining company focused on the exploration and development of niobium properties. The company primarily operates in the mining sector, with its flagship project being the James Bay Niobium Project located in Ontario, Canada. Niobay Metals is dedicated to advancing its projects in an environmentally and socially responsible manner to supply the growing demand for niobium, a critical metal used in the production of high-strength, low-alloy steels and other applications.

How the Company Makes Money

Niobay Metals generates revenue through the exploration and potential future extraction and sale of niobium. The company is in the pre-revenue stage, primarily investing in the development and exploration of its James Bay Niobium Project. Revenue is expected to be derived from the sale of niobium once production begins, as the metal is highly valued for its strengthening properties in steel production. Significant factors contributing to its earnings potential include the increasing global demand for niobium, strategic industry partnerships, and effective project management to bring its mining operations to a commercially viable stage.

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
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-105.66K	-115.83K	-122.45K	-18.19K	-14.97K	-14.03K
	EBIT
-1.14M	-2.60M	-5.24M	-4.47M	-1.00M	-1.62M
	EBITDA
-2.41M	-2.48M	-4.76M	-4.45M	-748.73K	-1.61M
	Net Income Common Stockholders
-2.11M	-2.10M	-4.46M	-3.97M	-744.79K	-1.50M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.29M	3.09M	4.53M	10.18M	13.17M	3.27M
	Total Assets
3.05M	4.06M	6.17M	11.13M	14.35M	4.08M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-2.29M	-3.09M	-4.53M	-10.18M	-13.17M	-3.27M
	Total Liabilities
331.34K	154.49K	782.90K	1.11M	1.06M	683.82K
	Stockholders Equity
2.63M	4.61M	5.87M	10.10M	13.27M	3.35M
Cash Flow		Free Cash Flow
-1.53M	-2.24M	-6.68M	-4.00M	-2.91M	-1.33M
	Operating Cash Flow
-2.04M	-2.21M	-6.17M	-3.83M	-2.89M	-1.33M
	Investing Cash Flow
-65.00K	-25.00K	449.80K	569.78K	1.97M	-1.17K
	Financing Cash Flow
1.36M	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 66.67 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
LUN	61 Neutral	$8.88B	25.63	0.24%	3.51%	-2.71%	-188.94%
CNC	53 Neutral	$182.91M	―	-0.58%	―	―	91.44%
Sector *	47 Neutral	$2.49B	-2.97	-22.93%	3.49%	4.06%	-27.72%
AVL	42 Neutral	$15.37M	―	-5.23%	―	―	-11500.00%
NBY	36 Underperform	C$6.44M	―	-38.83%	―	―	51.38%

Niobay Metals Corporate Events

NioBay Metals Reports Successful Metallurgical Testing on James Bay Niobium Project

NioBay Metals announced the successful results of metallurgical testing on concentrate from its James Bay niobium project. The tests, conducted by SGS, demonstrated over 95% niobium dissolution using hydrofluoric acid leaching, and produced Ammonium Niobium Oxalate with a reliable flowsheet. This achievement highlights NioBay’s potential to enhance niobium production efficiency, potentially strengthening its position in the mining industry and offering promising implications for stakeholders.

NioBay Metals Reports Progress in 2024 Mining Ventures

NioBay Metals has unveiled its 2024 year-end report, highlighting significant progress in its various mining projects. The company completed a successful drilling campaign at its Foothills project and is advancing metallurgical testing at its Crevier site. Additionally, NioBay is engaging in environmental consultations for its James Bay project, while also contributing to niobium and tantalum research in the hydrogen sector.

NioBay Metals Advances Crevier Project with Trials

NioBay Metals has initiated pilot-scale production trials for niobium and tantalum oxides at its Crevier Project in Quebec, and plans to send samples to two potential customers. This move highlights NioBay’s ambition to establish itself as a significant North American producer in the niobium oxide market.