Noram Lithium (NRM) Stock Price, News & Analysis

Company Overview

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. The company was incorporated in 2010 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: C$0.10 to C$0.10
• 50-Day Range: C$0.09 to C$0.12
• 52-Week Range: C$0.08 to C$0.28
• Volume: 6,500 shs
• Average Volume: 36,303 shs
• Market Capitalization: C$9.42 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: C$1.14
• Consensus Rating: Buy

NRM Stock Analysis - Frequently Asked Questions

How have NRM shares performed this year?

Noram Lithium's stock was trading at C$0.10 at the start of the year. Since then, NRM shares have increased by 5.3% and is now trading at C$0.10.

How do I buy shares of Noram Lithium?

Shares of NRM stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of Noram Lithium own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Noram Lithium investors own include Alibaba Group (BABA), Cypress Development (CYP), Pacific Biosciences of California (PACB), Cisco Systems (CSCO), Editas Medicine (EDIT), Ford Motor (F) and Ideanomics (IDEX).

Industry, Sector and Symbol

• Stock Exchange: CVE
• Sector: Basic Materials
• Industry: Other Industrial Metals & Mining
• Sub-Industry: N/A
• Current Symbol: CVE:NRM
• CIK: N/A
• Web: www.noramventures.com
• Phone: +1-778-7751528
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Noram Lithium: C$1.14
• High Price Target: C$1.14
• Low Price Target: C$1.14
• Potential Upside/Downside: +1,040.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): C($0.03)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -C$3.43 million
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -46.13%
• Return on Assets: -34.81%

Debt

• Debt-to-Equity Ratio: 0.17
• Current Ratio: 4.30
• Quick Ratio: 26.78

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: C$0.03 per share
• Price / Cash Flow: 3.58
• Book Value: C$0.07 per share
• Price / Book: 1.44

Miscellaneous

• Outstanding Shares: 94,160,632
• Free Float: N/A
• Market Cap: C$9.42 million
• Optionable: Not Optionable
• Beta: 1.26