Kenneth Angedal - Nordic Mining Director Operations

All Insiders . Norway . 
Stock . Nordic Mining ASA . Stakeholders . Insider . Kenneth Angedal
NOM Stock  NOK 25.72  0.22  0.86%   

Insider

Kenneth Angedal is Director Operations of Nordic Mining ASA
Phone47 22 94 77 90
Webhttps://www.nordicmining.com

Nordic Mining Management Efficiency

The company has return on total asset (ROA) of (0.0324) % which means that it has lost $0.0324 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.5782 %, meaning that it generated $0.5782 on every $100 dollars invested by stockholders. Nordic Mining's management efficiency ratios could be used to measure how well Nordic Mining manages its routine affairs as well as how well it operates its assets and liabilities.
Nordic Mining ASA has accumulated 113 K in total debt with debt to equity ratio (D/E) of 0.1, which may suggest the company is not taking enough advantage from borrowing. Nordic Mining ASA has a current ratio of 3.85, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Nordic Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Nordic Mining's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nordic Mining ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nordic to invest in growth at high rates of return. When we think about Nordic Mining's use of debt, we should always consider it together with cash and equity.

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Nordic Mining ASA, together with its subsidiaries, engages in the exploration, extraction, and production of industrial minerals and metals in Norway and internationally. Nordic Mining ASA was founded in 2006 and is based in Oslo, Norway. NORDIC MINING operates under Industrial Metals Minerals classification in Norway and is traded on Oslo Stock Exchange. It employs 7 people. Nordic Mining ASA (NOM) is traded on Oslo Stock Exchange in Norway and employs 4 people.

Management Performance

Return On Equity0.58
Return On Asset-0.0324

Nordic Mining ASA Leadership Team

Elected by the shareholders, the Nordic Mining's board of directors comprises two types of representatives: Nordic Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nordic. The board's role is to monitor Nordic Mining's management team and ensure that shareholders' interests are well served. Nordic Mining's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nordic Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ivar Fossum, Chief Officer
Mona Schanche, VP Sustainability
Kenneth Angedal, Director Operations
Christian Gjerde, Chief Officer

Nordic Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Nordic Mining a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Return On Equity0.58
Return On Asset-0.0324
Current Valuation79.29 M
Shares Outstanding232.32 M
Shares Owned By Insiders14.56 %
Price To Earning11.17 X
Price To Book0.93 X
Price To Sales4,907 X
EBITDA5.54 M
Net Income5.37 M

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Other Information on Investing in Nordic Stock

Nordic Mining financial ratios help investors to determine whether Nordic 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 Nordic with respect to the benefits of owning Nordic Mining security.
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