Noram Lithium (TSXV:NRM) - Stock Price, News & Analysis

NRM Stock Overview

Through its subsidiary, Green Energy Resources Inc., engages in the acquisition, exploration, and development of mineral exploration properties. More details

NRM fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Has less than 1 year of cash runway

Does not have a meaningful market cap (CA$11M)

Makes less than USD$1m in revenue (CA$0)

Earnings have declined by 25.9% per year over past 5 years

Noram Lithium Corp. Competitors

Silver Viper Minerals

TSXV:VIPR

CA$9.7m

Wolfden Resources

TSXV:WLF

CA$9.9m

PTX Metals

CNSX:PTX

CA$11.1m

Velox Energy Materials

TSXV:VLX

CA$10.6m

Price History & Performance

Summary of all time highs, changes and price drops for Noram Lithium
Historical stock prices
Current Share Price	CA$0.13
52 Week High	CA$0.51
52 Week Low	CA$0.10
Beta	1.26
11 Month Change	-7.41%
3 Month Change	-26.47%
1 Year Change	-74.49%
33 Year Change	-83.77%
5 Year Change	127.27%
Change since IPO	-94.32%

Recent updates

Shareholder Returns

	NRM	CA Metals and Mining	CA Market
7D	4.2%	6.6%	2.2%
1Y	-74.5%	32.2%	23.4%

Return vs Industry: NRM underperformed the Canadian Metals and Mining industry which returned 32.2% over the past year.

Return vs Market: NRM underperformed the Canadian Market which returned 23.4% over the past year.

Price Volatility

Is NRM's price volatile compared to industry and market?
NRM volatility
NRM Average Weekly Movement	10.1%
Metals and Mining Industry Average Movement	10.4%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: NRM has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: NRM's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2010	n/a	n/a	www.noramlithiumcorp.com

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.

Noram Lithium Corp. Fundamentals Summary

How do Noram Lithium's earnings and revenue compare to its market cap?
NRM fundamental statistics
Market cap	CA$11.14m
Earnings (TTM)	-CA$4.64m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-2.4x

P/E Ratio

Is NRM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NRM income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$4.64m
Earnings	-CA$4.64m

Last Reported Earnings

Jul 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.052
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did NRM perform over the long term?

See historical performance and comparison

NRM Stock Overview

Risk Analysis

Noram Lithium Corp. Competitors

TSXV:VIPR

CA$9.7m

TSXV:WLF

CA$9.9m

CNSX:PTX

CA$11.1m

TSXV:VLX

CA$10.6m

Price History & Performance

Recent News & Updates

New major risk - Market cap size

Noram Lithium Corp. Announces Updated Mineral Resource Estimate for Zeus Project

New minor risk - Share price stability

Noram Lithium Corp Announces Resignation of Adam Falkoff from the Board of Directors

Noram Lithium Corp Provides Third and Final Update from Its Phase Vii Drilling Program Underway At Is 100% Owned Zeus Lithium Project, Located in Clayton Valley, Nevada

Noram Lithium Corp Provides Third and Final Update from Its Phase Vii Drilling Program Underway At Is 100% Owned Zeus Lithium Project, Located in Clayton Valley, Nevada

Recent updates

New major risk - Market cap size

Noram Lithium Corp. Announces Updated Mineral Resource Estimate for Zeus Project

New minor risk - Share price stability

Noram Lithium Corp Announces Resignation of Adam Falkoff from the Board of Directors

Noram Lithium Corp Provides Third and Final Update from Its Phase Vii Drilling Program Underway At Is 100% Owned Zeus Lithium Project, Located in Clayton Valley, Nevada

Noram Lithium Corp Provides Third and Final Update from Its Phase Vii Drilling Program Underway At Is 100% Owned Zeus Lithium Project, Located in Clayton Valley, Nevada

New minor risk - Share price stability

Noram Lithium Corp. Extends High-Grade Zone At Zeus

Noram Lithium Corp., Annual General Meeting, Mar 18, 2024

Noram Lithium Corp. Provides Drilling Results from Zeus

Noram Lithium (CVE:NRM) Will Have To Spend Its Cash Wisely

Noram Lithium Corp. Announces Board Changes

New major risk - Financial position

Noram Lithium Corp. Announces the Completion of Core Hole CVZ-87, the Fourth Hole in Its 10-Hole Phase Vii Drilling Program on Its 100% Owned Zeus Project in Clayton Valley, Nevada, USA

Noram Lithium Corp. Drills Deepest Hole to Date: Confirming Fault and Mineralizing Structures Interpretation

Noram Ventures Inc. Successfully Drills Deepest Hole to Date & Intersects 756.5 Ft (230.6 M) of Favourable Tuffaceous Claystones

Noram Ventures Inc. Announces Completion of the First of its 10 Hole Drill Program

Noram Lithium Corp. Commences Phase Vii Drill Campaign to Pursue High Grade Layer At Depth

Noram Lithium Corp. Prepares to Drill Second Potential High-Grade Zone at Zeus Lithium Project

Noram Lithium Corp. Provides an Update on Its 100% Owned Zeus Lithium Project Located in Clayton Valley, Nevada

New minor risk - Share price stability

Companies Like Noram Lithium (CVE:NRM) Are In A Position To Invest In Growth

Noram Lithium Corp. Provides Update on Zeus Lithium Project Process Development and Laboratory Testing

Noram Lithium Corp. Provides Update on Zeus Lithium Project Mine Plan Optimization Work

Founder & Chair of the Board recently bought CA$80k worth of stock

Noram Lithium Announces a Further Metallurgical Test Work Program for the Zeus Lithium Project

Noram Lithium Corp Announces Significant Increase in Its Estimated Mineral Resources At the Zeus Lithium Project

Noram Lithium Corp. Announces Resignation of Peter A. Ball as President and Chief Operating Officer, Effective January 31, 2023

Noram Lithium Corp. Announces CEO Changes

Less than half of directors are independent

Noram Lithium Corp. Appoints Vahid Sohrabi to the Advisory Board

Noram Receives Results for CVZ-81 with High-Grade Long Intercept of 330FT with Weighted Average 1169 PPM Li and Li High of 1810 PPM

Noram Lithium Corp. Announces Results for CVZ-80 (PH-12)

Noram Lithium Corp. Announces the Successful Completion of Cvz-79 (Ph-05) and Release of the Final Assay Results

Noram Lithium Corp. Announces the Successful Completion of Cvz-77 (Ph-04) and Cvz-78 (Ph-11) and Release of the Final Assay Results

Noram Lithium Corp. Receives Results for CVZ-75 & 76: High-Grade Intercepts of 150 Ft (45.7 M) Averaging 962 PPM, & 100 Ft (30.5 M) Averaging 1,163 PPM Respectively

Noram Lithium Corp. Announces Successful Completion of CVZ-71 (PH-10) and Release of the Final Assay Results

Noram Lithium Corp. Announces Infill Drill Program for Pre-Feasiblity Study Completion and Commencement of Plan of Operations

Noram Lithium Corp. Receives Results for CVZ-72 with the Longest and Highest-Grade Intercept from All of the Zeus Drilling to Date

Price target increased to CA$2.65

Less than half of directors are independent

Noram Lithium Corp. Completes Hole CVZ-73 (PH-08) on Its Zeus Lithium Clay Deposit in Nevada

Noram Lithium Corp. Announces Successful Completion of CVZ-70

Noram Completes Cvz-72 At 428Ft (130.M) with Near Surface Mineralization, over 323Ft (98.4M) of Visually Rich Clays

Noram Lithium Corp. Completes Hole CVZ-70 on its Zeus Lithium Clay Deposit in Nevada to Total Depth of 463 Ft

President & COO recently bought CA$58k worth of stock

Will Noram Lithium (CVE:NRM) Spend Its Cash Wisely?

We're Keeping An Eye On Noram Lithium's (CVE:NRM) Cash Burn Rate

Noram Ventures Inc. Provides Phase V Drill Program Overview and Summary

Noram Ventures Inc. announced that it has received CAD 2.30008 million in funding from 0784608 B.C. Ltd, Sakura Exploration Ltd

Noram Ventures Inc. Announces Completion of CVZ-64

Noram Ventures Inc. Announces the Completion of CVZ-67

Noram Ventures Inc. announced that it expects to receive CAD 2.3002 million in funding

Noram Ventures Inc. Announces Successful Completion of CVZ-65

Noram Ventures Inc. Receives Second Half of the Results for CVZ-62

Noram Ventures Inc. Announces the Completion of Its 6th Hole of the Phase V 12-Hole Drill Program

New 90-day high: CA$1.05

Noram Ventures Inc. Completes Drill Hole CVZ-65: 180Ft of Claystone

CFO & Director recently sold CA$125k worth of stock

Independent Director exercised options and sold CA$121k worth of stock