Noram Lithium Corp Stock Price on January 30, 2024
| NRM Stock | CAD 0.09 0.01 5.26% |
Below is the normalized historical share price chart for Noram Lithium Corp extending back to July 29, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Noram Lithium stands at 0.09, as last reported on the 22nd of December, with the highest price reaching 0.09 and the lowest price hitting 0.09 during the day.
If you're considering investing in Noram Stock, it is important to understand the factors that can impact its price. Noram Lithium Corp has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Noram Lithium exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Noram Lithium's Standard Deviation of 4.51, mean deviation of 2.85, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide.
At this time, Noram Lithium's Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to climb to about 93.4 M in 2024, whereas Other Stockholder Equity is likely to drop 1,197 in 2024. . At this time, Noram Lithium's Price Book Value Ratio is fairly stable compared to the past year. Price To Book Ratio is likely to climb to 2.84 in 2024, despite the fact that Price Earnings To Growth Ratio is likely to grow to (0.09). Noram Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.1722 | 50 Day MA 0.1235 | Beta 1.258 |
Noram |
Sharpe Ratio = -0.129
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| Negative Returns | NRM |
Estimated Market Risk
| 4.48 actual daily | 39 61% of assets are more volatile |
Expected Return
| -0.58 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 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.
Price Book 1.2164 | Book Value 0.074 | Enterprise Value 6.7 M | Enterprise Value Ebitda (0.88) | Shares Float 71 M |
Noram Lithium Valuation on January 30, 2024
It is possible to determine the worth of Noram Lithium on a given historical date. On January 30, 2024 Noram was worth 0.2 at the beginning of the trading date compared to the closed value of 0.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Noram Lithium stock. Still, in general, we apply an absolute valuation method to find Noram Lithium's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Noram Lithium where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Noram Lithium's related companies.
| Open | High | Low | Close | Volume | |
| 0.18 | 0.20 | 0.18 | 0.20 | 73,700 | |
01/30/2024 | 0.20 | 0.20 | 0.19 | 0.19 | 22,000 |
| 0.18 | 0.20 | 0.18 | 0.20 | 17,500 |
| Backtest Noram Lithium | | | Noram Lithium History | | | Noram Lithium Valuation | Previous | Next |
Noram Lithium Trading Date Momentum on January 30, 2024
| On January 31 2024 Noram Lithium Corp was traded for 0.20 at the closing time. The highest daily price throughout the period was 0.20 and the lowest price was 0.18 . The daily volume was 17.5 K. The net trading volume on 01/31/2024 added to the next day price increase. The trading delta at closing time to closing price of the next trading day was 5.26% . The trading delta at closing time to current closing price is 10.53% . |
Noram Lithium Corp Fundamentals Correlations and Trends
By evaluating Noram Lithium's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Noram Lithium's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Noram financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Noram Lithium Stock history
Noram Lithium investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Noram is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Noram Lithium Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Noram Lithium stock prices may prove useful in developing a viable investing in Noram Lithium
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 88.9 M | 93.4 M | |
| Net Loss | -4.8 M | -4.5 M |
Noram Lithium Stock Technical Analysis
Noram Lithium technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Noram Lithium Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Noram Lithium Corp cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Noram Lithium December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Noram Lithium stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Noram Lithium shares will generate the highest return on investment. By undertsting and applying Noram Lithium stock market strength indicators, traders can identify Noram Lithium Corp entry and exit signals to maximize returns
Noram Lithium Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Noram Lithium's price direction in advance. Along with the technical and fundamental analysis of Noram Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Noram to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.69) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | (1.44) |
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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.