Noram Lithium Corp Stock Today
| NRM Stock | CAD 0.20 0.01 5.26% |
Performance0 of 100
| Odds Of DistressLess than 19
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Noram Lithium is selling for under 0.2 as of the 19th of April 2024; that is 5.26 percent increase since the beginning of the trading day. The stock's lowest day price was 0.18. Noram Lithium has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Noram Lithium Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
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. The company has 88.91 M outstanding shares of which 32.86 K shares are now shorted by private and institutional investors with about 0.9 days to cover all short positions. More on Noram Lithium Corp
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| 0.44 | BRK | Berkshire Hathaway CDR | PairCorr |
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Noram Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Noram Lithium's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Noram Lithium or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Mark Ireton | ||||
| Business Concentration | Diversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Materials, Metals & Mining, Industrial Metals & Minerals, Basic Materials (View all Sectors) | ||||
Noram Lithium's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Noram Lithium's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Noram Lithium's financial leverage. It provides some insight into what part of Noram Lithium's total assets is financed by creditors.
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Noram Lithium Corp (NRM) is traded on TSX Venture Exchange in Canada and employs 18 people. Noram Lithium is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 17.78 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 Lithium Corp classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 88.91 M outstanding shares of which 32.86 K shares are now shorted by private and institutional investors with about 0.9 days to cover all short positions.
Noram Lithium Corp has accumulated about 110.84 K in cash with (3.97 M) of positive cash flow from operations.
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Ownership AllocationNoram Lithium Corp maintains a total of 88.91 Million outstanding shares. Noram Lithium Corp secures 11.58 % of its outstanding shares held by insiders and 5.845 % owned by institutional investors. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Noram Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Noram Lithium jumping above the current price in 90 days from now is about 23.11%. The Noram Lithium Corp probability density function shows the probability of Noram Lithium stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Noram Lithium Corp has a beta of -0.7254. This indicates as returns on the benchmark increase, returns on holding Noram Lithium are expected to decrease at a much lower rate. During a bear market, however, Noram Lithium Corp is likely to outperform the market. Additionally, noram Lithium Corp has an alpha of 0.0987, implying that it can generate a 0.0987 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Noram Lithium to move above the current price in 90 days from now is about 23.11 (This Noram Lithium Corp probability density function shows the probability of Noram Stock to fall within a particular range of prices over 90 days) .
Noram Lithium Corp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Noram Lithium market risk premium is the additional return an investor will receive from holding Noram Lithium long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Noram Lithium. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Noram Lithium's alpha and beta are two of the key measurements used to evaluate Noram Lithium's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 3.93 | |||
| Semi Deviation | 4.1 | |||
| Standard Deviation | 5.38 | |||
| Variance | 28.99 |
Noram Stock Against Markets
Picking the right benchmark for Noram Lithium stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Noram Lithium stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Noram Lithium is critical whether you are bullish or bearish towards Noram Lithium Corp at a given time. Please also check how Noram Lithium's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Noram Lithium without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Noram Lithium Corporate Directors
Noram Lithium corporate directors refer to members of a Noram Lithium board of directors. The board of directors generally takes responsibility for the Noram Lithium's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Noram Lithium's board members must vote for the resolution. The Noram Lithium board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Sandy MacDougall | Founder Director | Profile | |
| Glen Macdonald | Director | Profile | |
| Kenneth Phillippe | CFO, Director | Profile | |
| Cyrus Driver | Director | Profile |
How to buy Noram Stock?
Before investing in Noram Lithium, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Noram Lithium. To buy Noram Lithium stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Noram Lithium. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Noram Lithium stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Noram Lithium Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Noram Lithium Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Noram Lithium Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Noram Lithium Corp?
The danger of trading Noram Lithium Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Noram Lithium is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Noram Lithium. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Noram Lithium Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noram Lithium Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary 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.
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