TSXV:NRM

Stock Analysis Report

Executive Summary

Noram Ventures Inc., a junior exploration company, engages in the identification, acquisition, exploration, and development of mineral properties in Canada and the United States.


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

How has Noram Ventures's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-21.4%

NRM

3.5%

CA Metals and Mining

-1.5%

CA Market


1 Year Return

-35.3%

NRM

6.8%

CA Metals and Mining

2.5%

CA Market

Return vs Industry: NRM underperformed the Canadian Metals and Mining industry which returned 6.8% over the past year.

Return vs Market: NRM underperformed the Canadian Market which returned 2.5% over the past year.


Shareholder returns

NRMIndustryMarket
7 Day-21.4%3.5%-1.5%
30 Day29.4%5.0%-0.7%
90 Day83.3%14.3%1.8%
1 Year-35.3%-35.3%7.5%6.8%5.7%2.5%
3 Year-80.0%-80.0%2.8%1.0%16.8%6.2%
5 Year10.0%10.0%29.1%25.4%32.0%12.8%

Price Volatility Vs. Market

How volatile is Noram Ventures's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Noram Ventures undervalued compared to its fair value and its price relative to the market?

1.51x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate NRM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate NRM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NRM is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: NRM is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NRM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NRM is good value based on its PB Ratio (1.5x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

How is Noram Ventures forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.0%

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 Noram Ventures 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.


Next Steps

Past Performance

How has Noram Ventures performed over the past 5 years?

-25.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NRM is currently unprofitable.

Growing Profit Margin: NRM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NRM is unprofitable, and losses have increased over the past 5 years at a rate of -25.7% per year.

Accelerating Growth: Unable to compare NRM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NRM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: NRM has a negative Return on Equity (-36.88%), as it is currently unprofitable.


Next Steps

Financial Health

How is Noram Ventures's financial position?


Financial Position Analysis

Short Term Liabilities: NRM's short term assets (CA$167.8K) do not cover its short term liabilities (CA$368.9K).

Long Term Liabilities: NRM's short term assets (CA$167.8K) exceed its long term liabilities (CA$113.0K).


Debt to Equity History and Analysis

Debt Level: NRM is debt free.

Reducing Debt: NRM had no debt 5 years ago.


Balance Sheet

Inventory Level: NRM has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if NRM's debt is covered by short term assets.


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: NRM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NRM has less than a year of cash runway if free cash flow continues to reduce at historical rates of -20.1% each year


Next Steps

Dividend

What is Noram Ventures's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NRM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate NRM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NRM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NRM'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 NRM's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average board tenure


CEO

C. Barrie 0

1.1yrs

Tenure

Dr. C. Tucker Barrie, Ph.D., P.Geo., has been the Chief Executive Officer and President at Noram Ventures Inc. since January 23, 2019. Dr. Barrie has been Technical Advisor of Windfall Geotek Inc. (Formerl ...


Board Members

NamePositionTenureCompensationOwnership
Arthur Brown
Independent Director0yrsCA$70.00k2.91% CA$136.4k
Glen MacDonald
Director1.9yrsno datano data
Cyrus Driver
Independent Director3.6yrsCA$105.00k1.17% CA$55.0k
David Rees
Member of Advisory Board3.6yrsCA$1.00mno data
Mark Ireton
Chairman0yrsCA$95.00k2.01% CA$94.0k

3.6yrs

Average Tenure

72.5yo

Average Age

Experienced Board: NRM's board of directors are considered experienced (3.6 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 81.8%.


Top Shareholders

Company Information

Noram Ventures Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Noram Ventures Inc.
  • Ticker: NRM
  • Exchange: TSXV
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$4.683m
  • Shares outstanding: 42.57m
  • Website: https://www.noramventures.com

Location

  • Noram Ventures Inc.
  • 555 West Hastings Street
  • Suite 2150
  • Vancouver
  • British Columbia
  • V6B 4N6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NRMTSXV (TSX Venture Exchange)YesCommon SharesCACADJul 2011
N7R1DB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2011
NRVT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2011

Biography

Noram Ventures Inc., a junior exploration company, engages in the identification, acquisition, exploration, and development of mineral properties in Canada and the United States. It explores for lithium brine deposits. The company’s flagship property is the Zeus project comprising 1,214 hectares located in Clayton Valley, Nevada. Noram Ventures Inc. was founded in 2010 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 01:53
End of Day Share Price2020/02/24 00:00
Earnings2019/10/31
Annual Earnings2019/01/31


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.