Noram Lithium Corp Stock Analysis

Noram Stock Analysis Notes

About 12.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.69. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Noram Lithium Corp recorded a loss per share of 0.05. The entity last dividend was issued on the 2nd of March 2018. The firm had 1:10 split on the 2nd of March 2018. Noram Ventures Inc., a junior exploration company, engages in the identification, acquisition, exploration, and development of mineral properties in Canada and the United States. Noram Ventures Inc. was founded in 2010 and is headquartered in Vancouver, Canada. NORAM VENTURES operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. To find out more about Noram Lithium Corp contact the company at 604-553-2279 or learn more at https://www.noramlithiumcorp.com.

Noram Lithium Corp Investment Alerts

Noram Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 11.14 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Noram Lithium's market, we take the total number of its shares issued and multiply it by Noram Lithium's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Noram Profitablity

Management Efficiency

Noram Lithium Corp has return on total asset (ROA) of (0.3481) % which means that it has lost $0.3481 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.5304) %, meaning that it generated substantial loss on money invested by shareholders. Noram Lithium's management efficiency ratios could be used to measure how well Noram Lithium manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.7 in 2024. Return On Capital Employed is likely to drop to -0.84 in 2024. At this time, Noram Lithium's Total Current Assets are fairly stable compared to the past year. Non Currrent Assets Other is likely to climb to about 4.8 M in 2024, whereas Non Current Assets Total are likely to drop slightly above 2.4 M in 2024.

Technical Drivers

As of the 30th of November, Noram Lithium secures the Mean Deviation of 2.53, standard deviation of 4.52, and Risk Adjusted Performance of (0.04). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Noram Lithium Corp, as well as the relationship between them. Please verify Noram Lithium Corp standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Noram Lithium Corp is priced some-what accurately, providing market reflects its recent price of 0.13 per share.

Noram Lithium Corp Price Movement Analysis

Noram Lithium Outstanding Bonds

Noram Lithium Predictive Daily Indicators

Noram Lithium Forecast Models

Noram Lithium's time-series forecasting models are one of many Noram Lithium's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Noram Lithium's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Noram Lithium prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Noram shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Noram Lithium. By using and applying Noram Stock analysis, traders can create a robust methodology for identifying Noram entry and exit points for their positions.

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.