Noram Lithium Corp Stock Performance

NRM Stock  CAD 0.09  0.01  5.26%   
The company secures a Beta (Market Risk) of 1.56, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Noram Lithium will likely underperform. At this point, Noram Lithium Corp has a negative expected return of -0.5%. Please make sure to verify Noram Lithium's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Noram Lithium Corp performance from the past will be repeated at some point in the near future.

Risk-Adjusted Performance

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Over the last 90 days Noram Lithium Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in March 2025. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
Last Split Factor
1:10
Dividend Date
2018-03-02
Last Split Date
2018-03-02
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JavaScript chart by amCharts 3.21.15Noram Lithium Corp Noram Lithium Corp Dividend Benchmark Dow Jones Industrial
1
Noram Lithium PT Set at C1.14 by Fundamental Research - Defense World
01/31/2025
Begin Period Cash Flow1.6 M
  

Noram Lithium Relative Risk vs. Return Landscape

If you would invest  13.00  in Noram Lithium Corp on November 30, 2024 and sell it today you would lose (4.00) from holding Noram Lithium Corp or give up 30.77% of portfolio value over 90 days. Noram Lithium Corp is currently producing negative expected returns and takes up 4.8303% volatility of returns over 90 trading days. Put another way, 43% of traded stocks are less volatile than Noram, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
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       Risk  
Assuming the 90 days horizon Noram Lithium is expected to under-perform the market. In addition to that, the company is 6.59 times more volatile than its market benchmark. It trades about -0.1 of its total potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly -0.08 per unit of volatility.

Noram Lithium Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Noram Lithium's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Noram Lithium Corp, and traders can use it to determine the average amount a Noram Lithium's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1027

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Estimated Market Risk

 4.83
  actual daily
43
57% of assets are more volatile

Expected Return

 -0.5
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.1
  actual daily
0
Most of other assets perform better
Based on monthly moving average Noram Lithium is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Noram Lithium by adding Noram Lithium to a well-diversified portfolio.

Noram Lithium Fundamentals Growth

Noram Stock prices reflect investors' perceptions of the future prospects and financial health of Noram Lithium, and Noram Lithium fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Noram Stock performance.
Return On Equity-0.43
JavaScript chart by amCharts 3.21.152011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-310%500%1,000%1,500%
Return On Asset-0.25
Current Valuation7.24 M
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Shares Outstanding89.45 M
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Price To Earning(2.31) X
Price To Book1.30 X
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EBITDA(6.3 M)
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Net Income(5.66 M)
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Cash And Equivalents110.84 K
Total Debt55.68 K
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Debt To Equity8.50 %
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Current Ratio0.55 X
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Book Value Per Share0.07 X
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Cash Flow From Operations(4.88 M)
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Earnings Per Share(0.04) X
Market Capitalization8.05 M
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Total Asset8.43 M
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Retained Earnings(30.37 M)
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Working Capital3.27 M
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About Noram Lithium Performance

Evaluating Noram Lithium's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Noram Lithium has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Noram Lithium has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Return On Tangible Assets(0.77)(0.81)
Return On Capital Employed(0.92)(0.97)
Return On Assets(0.77)(0.81)
Return On Equity(0.82)(0.86)

Things to note about Noram Lithium Corp performance evaluation

Checking the ongoing alerts about Noram Lithium for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Noram Lithium Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Noram Lithium Corp generated a negative expected return over the last 90 days
Noram Lithium Corp has some characteristics of a very speculative penny stock
Noram Lithium Corp has high historical volatility and very poor performance
Noram Lithium Corp has accumulated 55.68 K in total debt with debt to equity ratio (D/E) of 8.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Noram Lithium Corp has a current ratio of 0.54, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Noram Lithium until it has trouble settling it off, either with new capital or with free cash flow. So, Noram Lithium'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 Noram Lithium Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Noram to invest in growth at high rates of return. When we think about Noram Lithium's use of debt, we should always consider it together with cash and equity.
Net Loss for the year was (5.66 M) with profit before overhead, payroll, taxes, and interest of 0.
Noram Lithium Corp has accumulated about 110.84 K in cash with (4.88 M) of positive cash flow from operations.
Roughly 12.0% of Noram Lithium outstanding shares are owned by corporate insiders
Latest headline from news.google.com: Noram Lithium PT Set at C1.14 by Fundamental Research - Defense World
Evaluating Noram Lithium's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Noram Lithium's stock performance include:
  • Analyzing Noram Lithium's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Noram Lithium's stock is overvalued or undervalued compared to its peers.
  • Examining Noram Lithium's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Noram Lithium's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Noram Lithium's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Noram Lithium's stock. These opinions can provide insight into Noram Lithium's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Noram Lithium's stock performance is not an exact science, and many factors can impact Noram Lithium's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Additional Tools for Noram Stock Analysis

When running Noram Lithium's price analysis, check to measure Noram Lithium's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Noram Lithium is operating at the current time. Most of Noram Lithium's value examination focuses on studying past and present price action to predict the probability of Noram Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noram Lithium's price. Additionally, you may evaluate how the addition of Noram Lithium to your portfolios can decrease your overall portfolio volatility.