Noronex Limited operates as a mineral exploration company.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.14|
|52 Week High||AU$0.10|
|52 Week Low||AU$0.19|
|1 Month Change||7.69%|
|3 Month Change||-6.67%|
|1 Year Change||n/a|
|3 Year Change||16.67%|
|5 Year Change||n/a|
|Change since IPO||-36.36%|
Recent News & Updates
We Think Noronex (ASX:NRX) Can Afford To Drive Business Growth
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
|NRX||AU Metals and Mining||AU Market|
Return vs Industry: Insufficient data to determine how NRX performed against the Australian Metals and Mining industry.
Return vs Market: Insufficient data to determine how NRX performed against the Australian Market.
Stable Share Price: NRX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: NRX's weekly volatility (9%) has been stable over the past year.
About the Company
Noronex Limited operates as a mineral exploration company. The company primarily explores for base and precious metals, as well as copper deposit. Its flagship projects include the Witvlei and Dordabis projects comprising three prospecting licenses covering an area of approximately 78,000 hectares located in Kalahari Copper Belt, Namibia.
Noronex Fundamentals Summary
|NRX fundamental statistics|
Is NRX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NRX income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.011|
|Net Profit Margin||0.00%|
How did NRX perform over the long term?See historical performance and comparison
Is Noronex undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate NRX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate NRX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: NRX is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: NRX is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NRX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NRX is overvalued based on its PB Ratio (5.2x) compared to the AU Metals and Mining industry average (2.6x).
How is Noronex forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Noronex has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Noronex performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NRX is currently unprofitable.
Growing Profit Margin: NRX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NRX is unprofitable, but has reduced losses over the past 5 years at a rate of 0.07% per year.
Accelerating Growth: Unable to compare NRX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NRX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: NRX has a negative Return on Equity (-39.82%), as it is currently unprofitable.
How is Noronex's financial position?
Financial Position Analysis
Short Term Liabilities: NRX's short term assets (A$3.0M) exceed its short term liabilities (A$260.0K).
Long Term Liabilities: NRX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NRX is debt free.
Reducing Debt: NRX currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NRX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NRX has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 30.4% each year.
What is Noronex current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NRX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NRX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NRX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NRX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NRX's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Noronex has no CEO, or we have no data on them.
Experienced Board: NRX's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 459.8%.
Noronex Limited's employee growth, exchange listings and data sources
- Name: Noronex Limited
- Ticker: NRX
- Exchange: ASX
- Founded: 2015
- Industry: Copper
- Sector: Materials
- Market Cap: AU$26.528m
- Shares outstanding: 189.49m
- Website: https://noronexlimited.com.au
- Noronex Limited
- 295 Rokeby Road
- Suite 1
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 07:02|
|End of Day Share Price||2021/10/25 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.