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

Fundamentals

Imperfect 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


Market Performance


7 Day Return

14.3%

NRM

0.5%

CA Metals and Mining

0.2%

CA Market


1 Year Return

-63.6%

NRM

15.0%

CA Metals and Mining

3.5%

CA Market

Return vs Industry: NRM underperformed the Canadian Metals and Mining industry which returned 15% over the past year.

Return vs Market: NRM underperformed the Canadian Market which returned 3.5% over the past year.


Shareholder returns

NRMIndustryMarket
7 Day14.3%0.5%0.2%
30 Day14.3%-8.9%-3.3%
90 Day-11.1%-8.0%-1.9%
1 Year-63.6%-63.6%15.9%15.0%7.3%3.5%
3 Year-85.5%-85.5%-11.6%-13.2%14.7%4.4%
5 Year-60.0%-60.0%15.4%11.6%26.2%7.7%

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?

1.06x

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 (1.1x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

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

38.7%

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?

-30.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: NRM is unprofitable, and losses have increased over the past 5 years at a rate of -30.9% 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 (-47.29%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: NRM is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: NRM is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Noram Ventures's financial position?


Financial Position Analysis

Short Term Liabilities: NRM's short term assets (CA$111.8K) do not cover its short term liabilities (CA$310.1K)

Long Term Liabilities: NRM's short term assets (111.8K) do not cover its long term liabilities (135.4K)


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 grow 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

companyn/amarketbottom25%2.0%markettop25%5.9%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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

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

3.3yrs

Average board tenure


CEO

C. Barrie 0

0.8yrs

Tenure

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 Majescor Resources, Inc. sinc ...


Board Age and Tenure

3.3yrs

Average Tenure

73yo

Average Age

Experienced Board: NRM's board of directors are considered experienced (3.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellCA$1,80028 Feb 19
Arthur Brown
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,000
Max PriceCA$0.18
SellCA$3,19927 Feb 19
Arthur Brown
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,000
Max PriceCA$0.17
SellCA$1,50022 Feb 19
Arthur Brown
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,000
Max PriceCA$0.15
SellCA$17,27022 Feb 19
Mark Ireton
EntityIndividual
Role
Chairman of the Board
Chairman
Shares100,000
Max PriceCA$0.18
SellCA$2,85001 Feb 19
Arthur Brown
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,000
Max PriceCA$0.28
BuyCA$6,40007 Jan 19
Arthur Brown
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares25,000
Max PriceCA$0.27
SellCA$4,35027 Nov 18
Arthur Brown
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares15,000
Max PriceCA$0.29
BuyCA$3,30024 Oct 18
Arthur Brown
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares15,000
Max PriceCA$0.22

Ownership Breakdown


Management Team

  • C. Barrie

    CEO & President

    • Tenure: 0.8yrs
  • Anita Algie (37yo)

    Chief Financial Officer

    • Tenure: 1.6yrs
  • Greg Lytle

    Communications Manager

    • Tenure: 0yrs

Board Members

  • Art Brown (78yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: CA$70.00k
  • Glen MacDonald (70yo)

    Director

    • Tenure: 1.6yrs
  • Cyrus Driver (69yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: CA$105.00k
  • Dave Rees (76yo)

    Member of Advisory Board

    • Tenure: 3.3yrs
    • Compensation: CA$1.00m
  • Mark Ireton

    Chairman

    • Tenure: 0yrs
    • Compensation: CA$95.00k

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$3.230m
  • Shares outstanding: 40.37m
  • 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 br ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:25
End of Day Share Price2019/10/22 00:00
Earnings2019/07/31
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.