Noram Ventures Inc., a junior exploration company, engages in the identification, acquisition, exploration, and development of mineral properties in Canada and the United States.
+ 1 more risk
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.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
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.
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
1 month ago | Simply Wall StDo Insiders Own Lots Of Shares In Noram Ventures Inc. (CVE:NRM)?
4 months ago | Simply Wall StCompanies Like Noram Ventures (CVE:NRM) Can Be Considered Quite Risky
5 months ago | Simply Wall StHow Much Of Noram Ventures Inc. (CVE:NRM) Do Insiders Own?
Is Noram Ventures 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 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).
How is Noram Ventures 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 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.
- Take a look at our analysis of NRM’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Noram Ventures competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Noram Ventures performed over the past 5 years?
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.
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.
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
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
C. Barrie 0
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 ...
|Independent Director||0yrs||CA$70.00k||2.91% CA$136.4k|
|Director||1.9yrs||no data||no data|
|Independent Director||3.6yrs||CA$105.00k||1.17% CA$55.0k|
|Member of Advisory Board||3.6yrs||CA$1.00m||no data|
Experienced Board: NRM's board of directors are considered experienced (3.6 years average tenure).
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 81.8%.
Noram Ventures Inc.'s company bio, employee growth, exchange listings and data sources
- 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
- Noram Ventures Inc.
- 555 West Hastings Street
- Suite 2150
- British Columbia
- V6B 4N6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NRM||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Jul 2011|
|N7R1||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jul 2011|
|NRVT.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jul 2011|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 01:53|
|End of Day Share Price||2020/02/24 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.