Noram Financial Statements From 2010 to 2025
| NRM Stock | CAD 0.09 0.01 5.56% |
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 Company 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 | -0.43 |
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.
| Competition |
Based on the latest financial disclosure, Noram Lithium Corp has a Return On Equity of -0.4296. This is 147.21% lower than that of the Metals & Mining sector and 189.5% lower than that of the Materials industry. The return on equity for all Canada stocks is 38.58% higher than that of the company.
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 regarded fourth in return on equity category among its peers. It is regarded fifth 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 investors 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. Understanding over-time patterns can help investors decide on long-term investments in Noram Lithium. Please read more on our technical analysis and fundamental analysis pages.
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.
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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.