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Niobay Metals Inc. (formerly MDN Inc.): what insiders have been doing
Niobay Metals Inc. (formerly MDN Inc.), classified in the Chemicals sector, is a listed company. Its insiders report their share dealings to SEDI. Over the twelve months to 24 October 2026, 19 filings were filed, from 9 insiders.
Only purchases show up on the open market, 7 purchases in all worth €11k, filed by 3 insiders. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. The buyers include 3 senior executives. Biggest ticket of the year: €7,242, bought by Legault, Raymond and made public on 7 August 2026 (0.083% of market cap).
With 19 filings in twelve months, the company is more active than the median of 14 filings across the 2,734 companies we follow on the same exchange. Since 2016, the database holds 175 purchases and 9 sales by insiders of the company.
The last insider purchase was made public on 7 August 2026, 78 days ago. Between a trade and the moment it shows up on SEDI, the median delay is 3 days. This delay matters because a trade only becomes useful information once it is public.
Every figure here comes from the filings published by SEDI and describes the past, not future prices; it is not investment advice.
Insider Decl.
276
Thresholds
n/a
Buy Volume
€828,795
175 ops. · all time
Sell Volume
€12,020
9 ops. · all time
Who traded when
BuySaleJean-Sébastien David5 buys
Anthony Glavac2 buys
Raymond Legault2 buys
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended December 2025 · cache
CA$0.07
Analyst consensus
Income statement
Gross profit-CA$78.5k
EBITDA-CA$2.9M
Net income-CA$3M0.0% margin
Valuation
P/Book1.5x
Beta0.09
Balance sheet & cash
Market capCA$12.2M
Free Cash Flow-CA$3.8M
Profitability & ownership
ROE-91.3%
ROA-55.6%
% insiders15.6%
% institutions0.0%
Last declaration on 7 August 2026
Declarations276 total
130,000 shares@ CA$0.090.083% mcap100.0% of flowCommon SharesTSXSEDI:4761321
Canonical exit: 4 Nov 2026 (T+90)
Common SharesTSXSEDI:4739414
175,000 sharesOptionsTSXSEDI:4737980
10,500 shares@ CA$0.095100.0% of flowCommon SharesTSXSEDI:4737974
Canonical exit: 15 Sept 2026 (T+90)
150,000 sharesOptionsTSXSEDI:4737966
150,000 sharesOptionsTSXSEDI:4737962
150,000 sharesOptionsTSXSEDI:4737958
150,000 sharesOptionsTSXSEDI:4737950
150,000 shares@ CA$0.095100.0% of flowOptionsTSXSEDI:4737293
200,000 shares@ CA$0.095100.0% of flowOptionsTSXSEDI:4737183
11,000 shares@ CA$0.090.2% of flowCommon SharesTSXSEDI:4709482
Canonical exit: 23 Jul 2026 (T+90)
22,000 shares@ CA$0.090.4% of flowCommon SharesTSXSEDI:4708564
Canonical exit: 21 Jul 2026 (T+90)
10,000 shares@ CA$0.100.2% of flowCommon SharesTSXSEDI:4707746
Canonical exit: 19 Jul 2026 (T+90)
6,500 shares@ CA$0.100.1% of flowCommon SharesTSXSEDI:4706968
Canonical exit: 13 Jul 2026 (T+90)
8,571,429 shares@ CA$0.14100.0% of flowCommon SharesTSXSEDI:4626882
10,000 shares@ CA$0.117554.3% of flowCommon SharesTSXSEDI:4625465
Canonical exit: 19 Mar 2026 (T+90)
100,000 shares@ CA$0.1630.3% of flowCommon SharesTSXSEDI:4625436
100,000 shares@ CA$0.1426.5% of flowCommon SharesTSXSEDI:4625447
Common SharesTSXSEDI:4623146
100,000 shares@ CA$0.087.6% of flowCommon SharesTSXSEDI:4541839
Canonical exit: 1 Oct 2025 (T+90)
25,000 shares@ CA$0.05Common SharesTSXSEDI:4416510
Canonical exit: 11 Mar 2025 (T+90)
4,615,400 shares@ CA$0.055Common SharesTSXSEDI:4366441
Canonical exit: 5 Nov 2024 (T+90)
Common SharesTSXSEDI:4366438
150,000 shares@ CA$0.07Common SharesTSXSEDI:4351829
115,000 shares@ CA$0.065Common SharesTSXSEDI:4349329
Canonical exit: 16 Oct 2024 (T+90)
25 of 276 declarations
About Niobay Metals Inc. (formerly MDN Inc.)
Niobay Metals Inc. is a Canadian mining company focused on the exploration and development of niobium projects. Formerly known as MDN INC., it is listed on the Toronto Stock Exchange.
