Noram Financial Statements From 2010 to 2024
| NRVTF Stock | USD 0.09 0 4.65% |
Check Noram Lithium financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Noram Lithium's main balance sheet or income statement drivers, such as , as well as many indicators such as . Noram financial statements analysis is a perfect complement when working with Noram Lithium Valuation or Volatility modules.
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Noram Lithium Corp OTC Stock Return On Equity Analysis
Noram Lithium's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Noram Lithium Return On Equity | 0.0605 |
Most of Noram Lithium's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Noram Lithium Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Noram Lithium Corp has a Return On Equity of 0.0605. This is 93.35% lower than that of the Basic Materials sector and significantly higher than that of the Other Industrial Metals & Mining industry. The return on equity for all United States stocks is 119.52% lower than that of the firm.
Noram Lithium Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Noram Lithium's current stock value. Our valuation model uses many indicators to compare Noram Lithium value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Noram Lithium competition to find correlations between indicators driving Noram Lithium's intrinsic value. More Info.Noram Lithium Corp is considered to be number one stock in return on equity category among its peers. It is rated below average in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Noram Lithium's earnings, one of the primary drivers of an investment's value.About Noram Lithium Financial Statements
Noram Lithium stakeholders use historical fundamental indicators, such as Noram Lithium's revenue or net income, to determine how well the company is positioned to perform in the future. Although Noram Lithium investors may analyze each financial statement separately, they are all interrelated. For example, changes in Noram Lithium's assets and liabilities are reflected in the revenues and expenses on Noram Lithium's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Noram Lithium Corp. Please read more on our technical analysis and fundamental analysis pages.
Noram Lithium Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. Noram Lithium Corp. was incorporated in 2010 and is headquartered in Vancouver, Canada. NORAM VENTURES is traded on OTC Exchange in the United States.
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Other Information on Investing in Noram OTC Stock
Noram Lithium financial ratios help investors to determine whether Noram OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Noram with respect to the benefits of owning Noram Lithium security.