Should I buy or sell Noram Lithium stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Noram Lithium in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NRM shares. View NRM analyst ratings or view top-rated stocks .

What is Noram Lithium's stock price target for 2024?

1 Wall Street analysts have issued 1-year price objectives for Noram Lithium's stock. Their NRM share price targets range from C$3.04 to C$3.04. On average, they anticipate the company's share price to reach C$3.04 in the next year. This suggests a possible upside of 1,420.0% from the stock's current price. View analysts price targets for NRM or view top-rated stocks among Wall Street analysts .

How have NRM shares performed in 2024?

Noram Lithium's stock was trading at C$0.36 at the beginning of 2024. Since then, NRM stock has decreased by 43.7% and is now trading at C$0.20. View the best growth stocks for 2024 here .

What other stocks do shareholders of Noram Lithium own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Noram Lithium investors own include Alibaba Group (BABA) , Cypress Development (CYP) , Lithium X Energy (LIX) , Advantage Lithium Corp. (AAL.V) (AAL) , Aurora Cannabis (ACB) , Altura Mining (AJM) , Albemarle (ALB) , RecycLiCo Battery Materials (AMY) , Cruz Cobalt (CUZ) .

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. Compare Top Brokerages Here .

CVE:NRM

Noram Lithium (NRM) Stock Price, News & Analysis

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Free NRM Stock Alerts

C$0.20

+0.01 (+5.26%)

(As of 04/18/2024 05:18 PM ET)

Compare

Today's Range: C$0.18
▼
C$0.20
50-Day Range: C$0.16
▼
C$0.22
52-Week Range: C$0.14
▼
C$0.73

Volume: 28,000 shs
Average Volume: 57,423 shs
Market Capitalization: C$17.78 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: C$3.04

Stock Analysis Analyst Forecasts Chart Headlines

Get Noram Lithium alerts:

Noram Lithium MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 1,420.0% Upside
C$3.04 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.04
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.95 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Noram Lithium has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Noram Lithium has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for NRM.

0.0

Dividend Strength

Dividend Yield
Noram Lithium does not currently pay a dividend.
Dividend Growth
Noram Lithium does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NRM.

2.8

News and Social Media Coverage

News Sentiment
Noram Lithium has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Noram Lithium this week, compared to 0 articles on an average week.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Noram Lithium insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.43% of the stock of Noram Lithium is held by insiders.
Percentage Held by Institutions
Only 5.85% of the stock of Noram Lithium is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Noram Lithium is -1.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Noram Lithium is -1.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Noram Lithium has a P/B Ratio of 2.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Noram Lithium Stock (CVE:NRM)

Noram Lithium Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. Its flagship property is the Zeus Lithium project consisting of 146 placer claims and 136 lode claims covering an area of approximately 1,113 hectares located in Clayton Valley, Nevada. 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.

NRM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NRM Stock News Headlines

April 18, 2024 | americanbankingnews.com

Noram Lithium (CVE:NRM) Share Price Crosses Below Fifty Day Moving Average of $0.19

April 12, 2024 | finanznachrichten.de

Noram Lithium Corp.: Noram Announces Revision to Incentive Grant Announcement

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 12, 2024 | finance.yahoo.com

Noram Announces Revision to Incentive Grant Announcement

March 21, 2024 | finance.yahoo.com

Noram Lithium Corp. (NRVTF)

March 4, 2024 | finanznachrichten.de

Noram Lithium Corp.: Noram Lithium - Final Phase VII Drill Results for Zeus

January 16, 2024 | finanznachrichten.de

Noram Lithium Corp.: Noram Lithium Provides Drilling Results from Zeus

December 22, 2023 | morningstar.com

Noram Drills CVZ-87 to Depth of 568 ft (173.13 m): Intersecting Approximately 455 ft (139 m) of Favourable Claystones Near Surface | Morningstar

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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December 20, 2023 | juniorminingnetwork.com

Noram Lithium Drills CVZ-87 to Depth of 568 ft (173.13 m): Intersecting Approximately 455 ft (139 m) of Favourable Claystones Near Surface

December 13, 2023 | finance.yahoo.com

Noram Drills Deepest Hole to Date: Confirming Fault and Mineralizing Structures Interpretation

November 29, 2023 | finanznachrichten.de

Noram Lithium Corp.: Noram Drills One of Deepest Step-Out Holes to Date: Intersecting Mineralized Claystone & New Lithologies

November 9, 2023 | finance.yahoo.com

Will Noram Lithium (CVE:NRM) Spend Its Cash Wisely?

October 30, 2023 | finanznachrichten.de

Noram Lithium Corp.: Noram Pursues Potential Second Zone of High-Grade Mineralization at Depth

September 13, 2023 | finanznachrichten.de

Noram Lithium Corp.: Noram Lithium Provides Update on Zeus Lithium Project Process Development and Laboratory Testing

August 29, 2023 | theglobeandmail.com

Closing Bell: Noram Lithium Corp down on Monday (NRM)

June 2, 2023 | finance.yahoo.com

We're Not Very Worried About Noram Lithium's (CVE:NRM) Cash Burn Rate

May 16, 2023 | marketwatch.com

MAVERICK TO ACQUIRE A 100% INTEREST IN PROLIFIC JAMES BAY LITHIUM DISTRICT; PARTNERING WITH RENOWNED PROSPECTOR SHAWN RYAN

May 6, 2023 | theglobeandmail.com

Closing Bell: Noram Lithium Corp flat on Friday (NRM)

May 3, 2023 | theglobeandmail.com

Closing Bell: Noram Lithium Corp down on Tuesday (NRM)

April 28, 2023 | theglobeandmail.com

Closing Bell: Noram Lithium Corp flat on Thursday (NRM)

April 26, 2023 | theglobeandmail.com

Closing Bell: Noram Lithium Corp down on Wednesday (NRM)

April 25, 2023 | theglobeandmail.com

Closing Bell: Noram Lithium Corp up on Tuesday (NRM)

April 22, 2023 | theglobeandmail.com

Closing Bell: Noram Lithium Corp down on Friday (NRM)

April 19, 2023 | theglobeandmail.com

Closing Bell: Noram Lithium Corp flat on Tuesday (NRM)

April 14, 2023 | juniorminingnetwork.com

Noram Lithium Announces Appointment of Glenn Barr as Vice President, Project Development

April 13, 2023 | theglobeandmail.com

Closing Bell: Noram Lithium Corp up on Wednesday (NRM)

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: CVE
Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Sub-Industry: N/A
Current Symbol: CVE:NRM
CUSIP: N/A
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 Stock Price Target: C$3.04
High Stock Price Target: C$3.04
Low Stock Price Target: C$3.04
Potential Upside/Downside: +1,420.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.13)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: C$-11,910,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -80.22%
Return on Assets: -28.86%

Debt

Debt-to-Equity Ratio: 0.78
Current Ratio: 6.92
Quick Ratio: 26.78

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: C$0.06 per share
Price / Cash Flow: 3.58
Book Value: C$0.10 per share
Price / Book: 2.00

Miscellaneous

Outstanding Shares: 88,910,000
Free Float: N/A
Market Cap: C$17.78 million
Optionable: Not Optionable
Beta: 1.81

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Key Executives

Mr. Gregory John McCunn BASc (Age 54)
M.B.A., P.Eng., Chief Executive Office
Comp: $30k
Mr. Sandy J. MacDougall
Founder & Chair of the Board (Leave of Absence)
Ms. Anita Young Algie B.Sc. Honours (Age 42)
CFO & Director
Comp: $240k
Mr. Bradley C. Peek CPG
M.Sc., Vice President of Exploration
Mr. Greg Lytle
Communications Manager
Mr. Simon David Studer
Vice President of Corporate Development

Key Competitors

View All Competitors

Insiders

Simon David Studer
Bought 10,000 shares on 10/26/2023
Total: C$4,000.00 ($0.40/share)

NRM Stock Analysis - Frequently Asked Questions

Should I buy or sell Noram Lithium stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Noram Lithium in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NRM shares.
View NRM analyst ratings or view top-rated stocks.
What is Noram Lithium's stock price target for 2024?: 1 Wall Street analysts have issued 1-year price objectives for Noram Lithium's stock. Their NRM share price targets range from C$3.04 to C$3.04. On average, they anticipate the company's share price to reach C$3.04 in the next year. This suggests a possible upside of 1,420.0% from the stock's current price.
View analysts price targets for NRM or view top-rated stocks among Wall Street analysts.
How have NRM shares performed in 2024?: Noram Lithium's stock was trading at C$0.36 at the beginning of 2024. Since then, NRM stock has decreased by 43.7% and is now trading at C$0.20.
View the best growth stocks for 2024 here.

What other stocks do shareholders of Noram Lithium own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Noram Lithium investors own include Alibaba Group (BABA), Cypress Development (CYP), Lithium X Energy (LIX), Advantage Lithium Corp. (AAL.V) (AAL), Aurora Cannabis (ACB), Altura Mining (AJM), Albemarle (ALB), RecycLiCo Battery Materials (AMY), Cruz Cobalt (CUZ).
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.
Compare Top Brokerages Here.

This page (CVE:NRM) was last updated on 4/19/2024 by MarketBeat.com Staff

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Noram Lithium (NRM) Stock Price, News & Analysis

Noram Lithium MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Noram Lithium Stock (CVE:NRM)

NRM Stock Price History

NRM Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

NRM Stock Analysis - Frequently Asked Questions

Overall MarketRank^™