Niobay Metals Stock Today
| NBY Stock | CAD 0.06 0.005 7.69% |
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Niobay Metals is selling for under 0.06 as of the 3rd of December 2023; that is -7.69 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.055. Niobay Metals has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Niobay Metals are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of December 2020 and ending today, the 3rd of December 2023. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Niobay Metals Inc. acquires, explores for, and evaluates mineral properties in Canada. Niobay Metals Inc. was founded in 1954 and is based in Longueuil, Canada. NIOBAY METALS operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. The company has 79.07 M outstanding shares of which 2.85 K shares are now shorted by private and institutional investors with about 0.23 days to cover all short positions. More on Niobay Metals
Moving together with Niobay Stock
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| + | 0.65 | NEXT | NextSource Materials | PairCorr | ||
| + | 0.86 | WRN | Western Copper And | PairCorr | ||
| + | 0.72 | MDI | Major Drilling Group | Earnings Call This Week | PairCorr |
Moving against Niobay Stock
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Niobay Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Niobay Metals' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Niobay Metals or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO, Director | Claude Dufresne |
| Business Concentration | Diversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials (View all Sectors) |
| Macroaxis Advice The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Niobay Metals' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details Strong SellOvervalued | |
Niobay Metals (NBY) is traded on TSX Venture Exchange in Canada and employs 14 people. Niobay Metals is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 4.74 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Niobay Metals's market, we take the total number of its shares issued and multiply it by Niobay Metals's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Niobay Metals classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 79.07 M outstanding shares of which 2.85 K shares are now shorted by private and institutional investors with about 0.23 days to cover all short positions.
Niobay Metals has accumulated about 1.99 M in cash with (6.17 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04.
Check Niobay Metals Probability Of Bankruptcy
OwnershipNiobay Metals holds a total of 79.07 Million outstanding shares. Niobay Metals secures 19.09 % of its outstanding shares held by insiders and 6.95 % owned by institutional investors. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Ownership Allocation
Check Niobay Ownership DetailsNiobay Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Niobay Metals jumping above the current price in 90 days from now is about 81.21%. The Niobay Metals probability density function shows the probability of Niobay Metals stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the stock has a beta coefficient of 1.429. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Niobay Metals will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Niobay Metals is significantly underperforming NYSE Composite.
Based on a normal probability distribution, the odds of Niobay Metals to move above the current price in 90 days from now is about 81.21 (This Niobay Metals probability density function shows the probability of Niobay Stock to fall within a particular range of prices over 90 days) .
Niobay Metals Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Niobay Metals market risk premium is the additional return an investor will receive from holding Niobay Metals long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Niobay Metals. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Niobay Metals' alpha and beta are two of the key measurements used to evaluate Niobay Metals' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 3.02 | |||
| Standard Deviation | 5.1 | |||
| Variance | 26.03 | |||
| Risk Adjusted Performance | (0.05) |
Niobay Stock Against Markets
Picking the right benchmark for Niobay Metals stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Niobay Metals stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Niobay Metals is critical whether you are bullish or bearish towards Niobay Metals at a given time. Please also check how Niobay Metals' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Niobay Metals without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Niobay Metals Corporate Directors
Niobay Metals corporate directors refer to members of a Niobay Metals board of directors. The board of directors generally takes responsibility for the Niobay Metals' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Niobay Metals' board members must vote for the resolution. The Niobay Metals board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Raymond Legault | Independent Director | Profile | |
| Jean Rainville | Director | Profile | |
| JeanSebastien David | Director | Profile | |
| Jacques Bonneau | Independent Director | Profile |
How to buy Niobay Stock?
Before investing in Niobay Metals, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Niobay Metals. To buy Niobay Metals stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Niobay Metals. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Niobay Metals stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Niobay Metals stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Niobay Metals stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Niobay Metals, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Niobay Metals?
The danger of trading Niobay Metals is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Niobay Metals is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Niobay Metals. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Niobay Metals is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Niobay Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Niobay Stock analysis
When running Niobay Metals' price analysis, check to measure Niobay Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Niobay Metals is operating at the current time. Most of Niobay Metals' value examination focuses on studying past and present price action to predict the probability of Niobay Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Niobay Metals' price. Additionally, you may evaluate how the addition of Niobay Metals to your portfolios can decrease your overall portfolio volatility.
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