Noram Lithium Corp (NRM) AI Stock Analysis

• Market Cap: C$8.05M
• Dividend Yield: N/A
• Average Volume (3M): 28.10K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.53
• Revenue Growth: N/A
• EPS Growth: 72.76%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 73
• Industry: Mining
• EPS (TTM): -0.04
• Shares Outstanding: 89,452,614
• 10 Day Avg. Volume: 19,210
• 30 Day Avg. Volume: 28,101
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -2.50
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$1.14
• Price Target Upside: 1166.67% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Noram Lithium Corp's overall score is low due to its exploration-stage status with no revenue generation and significant cash burn. Although the balance sheet is stable with minimal debt, the technical indicators suggest a bearish trend, and the valuation remains speculative. The company's financial health is typical for its industry stage, but the lack of immediate revenue prospects and reliance on external financing pose potential risks.

Noram Lithium Corp Business Overview & Revenue Model

Company Description

Noram Lithium Corp (NRM) is a Canadian-based exploration and development company focused on advancing its lithium projects in North America. The company primarily operates in the mining sector, with its core activities centered around the exploration and potential development of lithium deposits. Noram Lithium aims to capitalize on the growing demand for lithium, driven by the increasing adoption of electric vehicles and renewable energy storage solutions.

How the Company Makes Money

Noram Lithium Corp makes money through the exploration and potential development of lithium resources. The company's revenue model is primarily based on the identification and enhancement of lithium properties, which are then either developed into operational mines or sold to larger mining entities. Key revenue streams include the sale of lithium, either directly or through joint ventures and partnerships with other mining companies. Additionally, Noram Lithium may generate income through strategic partnerships or agreements that provide funding for exploration activities in exchange for a stake in the projects or future lithium supply. Factors such as lithium market prices, successful resource discoveries, and favorable regulatory environments significantly contribute to its earnings potential.

Noram Lithium Corp Financial Statement Overview

Summary

Noram Lithium Corp's financial statements reflect the typical profile of an exploration-stage mining company with no revenue generation and reliance on equity for financing. While the balance sheet is stable with low debt, the cash flow situation requires attention due to significant cash burn. Continued reliance on external financing could pose risks if asset development does not progress as planned.

Income Statement

Noram Lithium Corp's income statement shows a lack of revenue generation, typical for exploration-stage mining companies. The company has been unable to generate any revenue over recent periods, resulting in persistent negative net income and gross profit. EBIT and EBITDA margins are negative, indicating high operational costs relative to nonexistent revenue, which is expected for a company still in development. Revenue growth analysis is not applicable due to zero revenue.

Balance Sheet

The balance sheet reflects a solid equity position with a low debt-to-equity ratio, showing financial stability with minimal leverage. However, the company's total assets have decreased over time, reflecting potential challenges in asset management or investment strategy. The equity ratio is strong, suggesting a high reliance on equity financing, which mitigates financial risk.

Cash Flow

Cash flow analysis indicates negative operating and free cash flows, which is common for companies in the exploration phase. The company heavily relies on financing activities to support operations and investing activities. Free cash flow has been consistently negative, showing a high cash burn rate without sufficient operating cash inflow.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-57.70K	-56.73K	-56.21K	-59.61K	-55.81K	-56.97K
	EBIT
-3.29M	-6.36M	-5.31M	-5.32M	-4.99M	-568.61K
	EBITDA
-3.19M	-6.30M	-5.17M	-5.26M	-4.93M	-450.34K
	Net Income Common Stockholders
-3.25M	-5.66M	-4.18M	-5.32M	-5.01M	-570.64K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.64M	3.64M	12.22M	1.60M	1.62M	10.87K
	Total Assets
8.43M	8.43M	14.24M	5.94M	5.04M	3.20M
	Total Debt
55.68K	55.68K	110.90K	160.88K	50.60K	104.47K
	Net Debt
-912.93K	-912.93K	-1.47M	59.14K	-815.88K	93.60K
	Total Liabilities
480.54K	480.54K	694.47K	550.13K	341.03K	294.61K
	Stockholders Equity
7.95M	7.95M	13.55M	5.39M	4.70M	2.90M
Cash Flow		Free Cash Flow
-4.76M	-4.88M	-5.99M	-2.39M	-1.31M	-300.88K
	Operating Cash Flow
-2.94M	-4.88M	-3.97M	-1.64M	-1.07M	-298.83K
	Investing Cash Flow
2.04M	4.33M	-11.17M	-1.50M	-990.16K	-241.71K
	Financing Cash Flow
-25.14K	-63.30K	16.61M	2.37M	2.92M	299.71K

Noram Lithium Corp Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NRM, the sentiment is Neutral. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.10, and below the 200-day MA of 0.15, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.52 is Neutral, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:NRM.

Noram Lithium Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	57 Neutral	$8.36B	5.49	-6.03%	7.47%	0.03%	-68.64%
SGML	50 Neutral	$1.72B	―	-38.77%	―	72.76%	38.06%
CRE	49 Neutral	C$115.46M	74.65	2.13%	―	―	―
LAC	42 Neutral	$921.56M	―	-4.13%	―	―	―
NRM	37 Underperform	C$8.05M	―	-42.96%	―	―	72.76%
LTHM	27 Underperform	C$1.39M	―	-788.70%	―	―	14.62%