Noram Lithium (NRM) Stock Price, News & Analysis

Company Overview

Noram Lithium Corp., through its subsidiary, Green Energy Resources Inc., engages in the acquisition, exploration, and development of mineral exploration properties. It holds 100% interests in the Zeus lithium project with 146 placer claims and 136 lode claims covering an area of 1,113 hectares located in Clayton Valley, Nevada, the United States. The company was formerly known as Noram Ventures Inc. and changed its name to Noram Lithium Corp. in July 2021. The company was incorporated in 2010 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: C$0.09 to C$0.10
• 50-Day Range: C$0.09 to C$0.12
• 52-Week Range: C$0.08 to C$0.20
• Volume: 11,500 shs
• Average Volume: 34,537 shs
• Market Capitalization: C$8.47 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: C$1.14
• Consensus Rating: Buy

Noram Lithium Stock Analysis - MarketRank™

Noram Lithium scored higher than 35% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Noram Lithium has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Noram Lithium has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Noram Lithium is -2.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Noram Lithium is -2.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Noram Lithium has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for NRM.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Noram Lithium does not currently pay a dividend.

Dividend Growth

Noram Lithium does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for NRM.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: N/A

News Sentiment

Noram Lithium has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.72 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Noram Lithium this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Noram Lithium insiders have not sold or bought any company stock.

Percentage Held by Insiders

12.40% of the stock of Noram Lithium is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 5.82% of the stock of Noram Lithium is held by institutions.

NRM Stock Analysis - Frequently Asked Questions

How have NRM shares performed this year?

Noram Lithium's stock was trading at C$0.10 at the start of the year. Since then, NRM shares have decreased by 5.3% and is now trading at C$0.09.

How do I buy shares of Noram Lithium?

Shares of NRM stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of Noram Lithium own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Noram Lithium investors own include Alibaba Group (BABA), Cypress Development (CYP), Pacific Biosciences of California (PACB), Cisco Systems (CSCO), Editas Medicine (EDIT), Ford Motor (F) and Ideanomics (IDEX).

Industry, Sector and Symbol

• Stock Exchange: CVE
• Sector: Basic Materials
• Industry: Other Industrial Metals & Mining
• Sub-Industry: N/A
• Current Symbol: CVE:NRM
• CIK: N/A
• Web: www.noramventures.com
• Phone: +1-778-7751528
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Noram Lithium: C$1.14
• High Price Target: C$1.14
• Low Price Target: C$1.14
• Potential Upside/Downside: +1,166.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): C($0.03)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -C$3.43 million
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -46.13%
• Return on Assets: -34.81%

Debt

• Debt-to-Equity Ratio: 0.17
• Current Ratio: 4.30
• Quick Ratio: 26.78

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: C$0.03 per share
• Price / Cash Flow: 3.58
• Book Value: C$0.07 per share
• Price / Book: 1.30

Miscellaneous

• Outstanding Shares: 94,160,632
• Free Float: N/A
• Market Cap: C$8.47 million
• Optionable: Not Optionable
• Beta: 1.26