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Noram Ventures

TSXV:NRM
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NRM
TSXV
CA$3M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Noram Ventures Inc., a junior exploration company, engages in the identification, acquisition, exploration, and development of mineral properties in Canada and the United States. The last earnings update was 18 days ago. More info.


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  • Noram Ventures has significant price volatility in the past 3 months.
NRM Share Price and Events
7 Day Returns
-11.1%
TSXV:NRM
5.5%
CA Metals and Mining
-0.2%
CA Market
1 Year Returns
-40.7%
TSXV:NRM
6.8%
CA Metals and Mining
-2.8%
CA Market
NRM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Noram Ventures (NRM) -11.1% -20% -38.5% -40.7% -90% -77.1%
CA Metals and Mining 5.5% 10.3% 13.7% 6.8% -14% -14.5%
CA Market -0.2% -0.4% -2.3% -2.8% 7.6% 0%
1 Year Return vs Industry and Market
  • NRM underperformed the Metals and Mining industry which returned 6.8% over the past year.
  • NRM underperformed the Market in Canada which returned -2.8% over the past year.
Price Volatility
NRM
Industry
5yr Volatility vs Market

NRM Value

 Is Noram Ventures undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Noram Ventures. This is due to cash flow or dividend data being unavailable. The share price is CA$0.08.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Noram Ventures's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Noram Ventures's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:NRM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in CAD CA$-0.05
TSXV:NRM Share Price ** TSXV (2019-07-19) in CAD CA$0.08
Canada Metals and Mining Industry PE Ratio Median Figure of 107 Publicly-Listed Metals and Mining Companies 15.53x
Canada Market PE Ratio Median Figure of 538 Publicly-Listed Companies 15.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Noram Ventures.

TSXV:NRM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:NRM Share Price ÷ EPS (both in CAD)

= 0.08 ÷ -0.05

-1.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Noram Ventures is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Noram Ventures is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Noram Ventures's expected growth come at a high price?
Raw Data
TSXV:NRM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.89x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Noram Ventures, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Noram Ventures's assets?
Raw Data
TSXV:NRM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in CAD CA$0.08
TSXV:NRM Share Price * TSXV (2019-07-19) in CAD CA$0.08
Canada Metals and Mining Industry PB Ratio Median Figure of 1,102 Publicly-Listed Metals and Mining Companies 1.4x
Canada Market PB Ratio Median Figure of 2,442 Publicly-Listed Companies 1.44x
TSXV:NRM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:NRM Share Price ÷ Book Value per Share (both in CAD)

= 0.08 ÷ 0.08

1.04x

* Primary Listing of Noram Ventures.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Noram Ventures is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Noram Ventures's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Noram Ventures has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NRM Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.5%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Noram Ventures expected to grow at an attractive rate?
  • Unable to compare Noram Ventures's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Noram Ventures's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Noram Ventures's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:NRM Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 29.5%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:NRM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:NRM Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-04-30 0 -2
2019-01-31 0 -1
2018-10-31 -1 -3
2018-07-31 -1 -4
2018-04-30 -1 -4
2018-01-31 -1 -4
2017-10-31 -1 -1
2017-07-31 -1 -1
2017-04-30 -1 -2
2017-01-31 -1 -2
2016-10-31 -1 -2
2016-07-31 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Noram Ventures is high growth as no earnings estimate data is available.
  • Unable to determine if Noram Ventures is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:NRM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Noram Ventures Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:NRM Past Financials Data
Date (Data in CAD Millions) EPS *
2019-04-30 -0.05
2019-01-31 -0.06
2018-10-31 -0.16
2018-07-31 -0.20
2018-04-30 -0.21
2018-01-31 -0.23
2017-10-31 -0.10
2017-07-31 -0.06
2017-04-30 -0.13
2017-01-31 -0.17
2016-10-31 -0.25
2016-07-31 -0.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Noram Ventures will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Noram Ventures's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  2. Noram Ventures's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Noram Ventures's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Noram Ventures has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NRM Past Performance

  How has Noram Ventures performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Noram Ventures's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Noram Ventures does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Noram Ventures's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Noram Ventures's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Noram Ventures's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Noram Ventures Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:NRM Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 -1.54 1.38
2019-01-31 -1.45 1.30
2018-10-31 -3.25 1.01
2018-07-31 -3.83 0.74
2018-04-30 -3.74 0.75
2018-01-31 -3.77 0.79
2017-10-31 -1.46 0.56
2017-07-31 -0.88 0.83
2017-04-30 -1.68 1.64
2017-01-31 -1.75 1.70
2016-10-31 -1.98 1.55
2016-07-31 -1.66 1.24
2016-04-30 -0.76 0.34
2016-01-31 -0.61 0.21
2015-10-31 -0.16 0.17
2015-07-31 -0.17 0.19
2015-04-30 -0.65 0.21
2015-01-31 -0.65 0.22
2014-10-31 -0.63 0.21
2014-07-31 -0.66 0.24
2014-04-30 -0.27 0.28
2014-01-31 -0.28 0.30
2013-10-31 -0.43 0.30
2013-07-31 -0.39 0.26
2013-04-30 -0.37 0.26
2013-01-31 -0.34 0.23
2012-10-31 -0.20 0.20
2012-07-31 -0.25 0.22

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Noram Ventures has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Noram Ventures has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Noram Ventures improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Noram Ventures's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Noram Ventures has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NRM Health

 How is Noram Ventures's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Noram Ventures's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Noram Ventures's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Noram Ventures's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Noram Ventures's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Noram Ventures has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Noram Ventures Company Filings, last reported 2 months ago.

TSXV:NRM Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 2.80 0.00 0.11
2019-01-31 2.94 0.00 0.25
2018-10-31 2.06 0.06 0.34
2018-07-31 1.08 0.19 0.01
2018-04-30 1.14 0.00 0.12
2018-01-31 1.15 0.00 0.15
2017-10-31 2.60 0.20 0.06
2017-07-31 3.55 0.00 0.08
2017-04-30 2.83 0.00 0.21
2017-01-31 2.77 0.00 0.12
2016-10-31 2.84 0.00 0.27
2016-07-31 1.78 0.06 0.36
2016-04-30 1.15 0.13 0.28
2016-01-31 0.84 0.00 0.01
2015-10-31 1.10 0.05 0.00
2015-07-31 1.11 0.02 0.00
2015-04-30 1.16 0.00 0.00
2015-01-31 1.20 0.00 0.03
2014-10-31 1.21 0.00 0.05
2014-07-31 1.25 0.00 0.07
2014-04-30 1.53 0.00 0.01
2014-01-31 1.58 0.00 0.02
2013-10-31 1.46 0.00 0.03
2013-07-31 1.37 0.00 0.25
2013-04-30 1.41 0.00 0.43
2013-01-31 1.22 0.00 0.14
2012-10-31 1.36 0.00 0.31
2012-07-31 1.19 0.00 0.62
  • Noram Ventures has no debt.
  • Noram Ventures had no debt 5 years ago.
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.

  • Noram Ventures has less than a year of cash runway based on current free cash flow.
  • Noram Ventures has less than a year of cash runway if free cash flow continues to reduce at historical rates of -7.8% each year.
X
Financial health checks
We assess Noram Ventures's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Noram Ventures has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NRM Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Noram Ventures dividends.
If you bought CA$2,000 of Noram Ventures shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Noram Ventures's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Noram Ventures's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:NRM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 29 Stocks 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Noram Ventures has not reported any payouts.
  • Unable to verify if Noram Ventures's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Noram Ventures's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Noram Ventures has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Noram Ventures's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Noram Ventures afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Noram Ventures has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NRM Management

 What is the CEO of Noram Ventures's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
C. Barrie
TENURE AS CEO 0.5 years
CEO Bio

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 Majescor Resources, Inc. since June 2016. Dr. Barrie is a Member of Advisory Board at Alba Minerals Ltd. Dr. Barrie served as the President and Interim Chief Executive Officer of Majescor Resources, Inc. from October 2014 to June 2016. Dr. Barrie served as Vice President of Corporate Development at Mindesta Inc. since December 2011. He served as Vice President of Exploration at Majescor Resources, Inc. since April 2011. Dr. Barrie has been Member of Technical Team at European Electric Metals Inc. (formerly, Tirex Resources Ltd.) since May 2008. Dr. Barrie served as Geological Consultant of Energy Fuels Inc. since January 18, 2005. Dr. Barrie plays a major role in the evaluation of Volcanic Metals Exploration Inc. existing mineral properties as well as ongoing acquisition and joint venture initiatives for the fiscal 2005 work project. Dr. Barrie is a research and consulting economic geologist based in Ottawa. He has over 20 years of experience in the Canadian and international mineral exploration and mining sectors, providing advice to major and junior exploration and mining companies and to several governments. He has expertise in VMS and Ni-Cu-PGE deposits, as well as orogenic gold and porphyry Cu deposits. Dr. Barrie has worked in 20 countries on a variety of base and precious metal deposits types, including volcanogenic massive sulphide (VMS), porphyry copper-gold, magmatic nickel-copper sulphide and magmatic platinum group element deposits. He worked on a variety of hydrothermal and magmatic mineral deposit types and has published 35 papers on volcanogenic massive sulfide, porphyry copper-gold, magmatic Ni-Cu sulfide and magmatic PGE deposits and their host rocks. He co-edited S.E.G. Monograph 10: 'The Giant Kidd Creek Volcanogenic Massive Sulfide Deposit, Western Abitibi Subprovince, Canada' and S.E.G. Reviews in Economic Volume 8: 'Volcanic-Associated Massive Sulfide Deposits: Processes and Examples in Modern and Ancient Settings'. Dr. Barrie has authored or co-authored 40 journal papers, as well as over 60 qualifying reports, abstracts and maps on metallic mineral deposits and related topics. For over 20 years, Mr. Barrie has run a successful Ottawa-based, federally-incorporated geological consulting firm. During that time, he has consulted for over fifty natural resource companies, including: Barrick Gold, BHP Billiton, BP Minerals, Cameco, Exxon Minerals, Kinross Gold, Noranda, Placer Dome, Rio Tinto, Teck Resources, as well as for The World Bank.Dr. Barrie served as a Director of Majescor Resources, Inc., from August 25, 2011 to June 2016. He is a Fellow of the Society of Economic Geologists and an Adjunct Professor at Laurentian University and at the University of Windsor (Canada). He has written several landmark papers on VMS deposits and has studied many of the major VMS districts in the world. He is a recognized expert with a great deal of practical experience in the Arabia/Nubian Shield. He has a Ph.D. in economic geology from the University of Toronto in 1990. and a M.Sc. in Economic Geology from the University of Texas.

CEO Compensation
  • Insufficient data for C. to compare compensation growth.
  • Insufficient data for C. to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team

C. Barrie

TITLE
CEO & President
TENURE
0.5 yrs

Anita Algie

TITLE
Chief Financial Officer
AGE
37
TENURE
1.3 yrs

Greg Lytle

TITLE
Communications Manager
Board of Directors Tenure

Average tenure and age of the Noram Ventures board of directors in years:

3
Average Tenure
73
Average Age
  • The tenure for the Noram Ventures board of directors is about average.
Board of Directors

Mark Ireton

TITLE
Chairman
COMPENSATION
CA$95K

Dave Rees

TITLE
Member of Advisory Board
COMPENSATION
CA$1,000K
AGE
76
TENURE
3 yrs

Cyrus Driver

TITLE
Director
COMPENSATION
CA$105K
AGE
69
TENURE
3 yrs

Art Brown

TITLE
Independent Director
COMPENSATION
CA$70K
AGE
78

Glen MacDonald

TITLE
Director
AGE
70
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
28. Feb 19 Sell Arthur Brown Individual 25. Feb 19 25. Feb 19 -10,000 CA$0.18 CA$-1,800
27. Feb 19 Sell Arthur Brown Individual 21. Feb 19 22. Feb 19 -20,000 CA$0.17 CA$-3,199
22. Feb 19 Sell Arthur Brown Individual 20. Feb 19 20. Feb 19 -10,000 CA$0.15 CA$-1,500
01. Feb 19 Sell Arthur Brown Individual 29. Jan 19 29. Jan 19 -10,000 CA$0.28 CA$-2,850
07. Jan 19 Buy Arthur Brown Individual 07. Jan 19 07. Jan 19 25,000 CA$0.27 CA$6,400
27. Nov 18 Sell Arthur Brown Individual 22. Nov 18 22. Nov 18 -15,000 CA$0.29 CA$-4,350
08. Nov 18 Buy Arthur Brown Individual 07. Nov 18 07. Nov 18 15,000 CA$0.29 CA$4,350
24. Oct 18 Buy Arthur Brown Individual 24. Oct 18 24. Oct 18 15,000 CA$0.22 CA$3,300
15. Oct 18 Buy Arthur Brown Individual 05. Oct 18 05. Oct 18 1,000,000 CA$0.11 CA$105,000
22. Feb 19 Sell Mark Ireton Individual 21. Feb 19 22. Feb 19 -100,000 CA$0.18 CA$-17,270
17. Oct 18 Buy Mark Ireton Individual 05. Oct 18 05. Oct 18 955,000 CA$0.11 CA$100,275
17. Oct 18 Buy Anita Algie Individual 12. Oct 18 12. Oct 18 450,000 CA$0.11 CA$47,250
17. Oct 18 Buy Cyrus Driver Individual 11. Oct 18 11. Oct 18 500,000 CA$0.11 CA$52,500
X
Management checks
We assess Noram Ventures's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Noram Ventures has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NRM News

Simply Wall St News

Did Noram Ventures Inc. (CVE:NRM) Insiders Buy Up More Shares?

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' See our latest analysis for Noram Ventures Noram Ventures Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by Independent Director Arthur Brown for CA$105k worth of shares, at about CA$0.10 per share. … TSXV:NRM Recent Insider Trading, May 30th 2019 Noram Ventures is not the only stock insiders are buying. … The transactions are fine but it'd be more encouraging if Noram Ventures insiders bought more shares in the company.

Simply Wall St -

Have Insiders Been Buying Noram Ventures Inc. (CVE:NRM) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in Noram Ventures Inc. … Noram Ventures Insider Transactions Over The Last Year

Simply Wall St -

NRM Company Info

Description

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.

Details
Name: Noram Ventures Inc.
NRM
Exchange: TSXV
Founded: 2010
CA$2,923,696
36,546,209
Website: http://www.noramventures.com
Address: Noram Ventures Inc.
555 West Hastings Street,
Suite 2150,
Vancouver,
British Columbia, V6B 4N6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV NRM Common Shares TSX Venture Exchange CA CAD 29. Jul 2011
OTCPK NRVT.F Common Shares Pink Sheets LLC US USD 29. Jul 2011
DB N7R1 Common Shares Deutsche Boerse AG DE EUR 29. Jul 2011
Number of employees
Current staff
Staff numbers
0
Noram Ventures employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 00:17
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/07/02
Last earnings reported: 2019/04/30
Last annual earnings reported: 2019/01/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.