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NordX Metals
(NRDX)
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Rating:43Neutral
Price Target:
C$0.34
▼(-8.65% Downside)
Action:Reiterated
Date:06/06/26
The score is held down primarily by the lack of revenue, ongoing losses, and continued cash burn. Technicals add further pressure with a bearish setup (below key moving averages and negative MACD). The main offset is the low-debt balance sheet and improved loss/cash-burn trends versus prior periods, but profitability and sustained cash generation are still absent.
Positive Factors
Conservative Balance Sheet
Very low leverage limits interest and refinancing pressure, while the larger equity base provides some financial flexibility. This strengthens resilience during development, although the capital base is not yet producing positive returns.
Negative Factors
No Commercial Revenue
The absence of revenue means the company has not established commercial demand or a self-funding business model. Without product monetization, future progress depends on development execution and access to external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage limits interest and refinancing pressure, while the larger equity base provides some financial flexibility. This strengthens resilience during development, although the capital base is not yet producing positive returns.
Read all positive factors
NordX Metals (NRDX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$15.53M
Dividend YieldN/A
Average Volume (3M)8.11K
Price to Earnings (P/E)―
Beta (1Y)0.99
Revenue GrowthN/A
EPS Growth-23.02%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.10
Shares Outstanding43,734,646
10 Day Avg. Volume12,683
30 Day Avg. Volume8,108
Financial Highlights & Ratios
PEG Ratio-0.46
Price to Book (P/B)1.06
Price to Sales (P/S)0.00
P/FCF Ratio-73.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NordX Metals Business Overview & Revenue Model
Company Description
United Lithium Corp. engages in the acquisition, exploration, and evaluation of natural resource properties. It explores for lithium deposits. The company holds 100% interest in the Bergby Lithium Project, located in Sweden. It also holds an optio...
NordX Metals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
32
Negative
| Breakdown |
|---|
Income Statement |
| Total Revenue |
| Gross Profit |
| EBITDA |
| Net Income |
Balance Sheet |
| Total Assets |
| Cash, Cash Equivalents and Short-Term Investments |
| Total Debt |
| Total Liabilities |
| Stockholders Equity |
Cash Flow |
| Free Cash Flow |
| Operating Cash Flow |
| Investing Cash Flow |
| Financing Cash Flow |
NordX Metals Technical Analysis
Negative
0.37
Price Trends
0.39
Negative
0.41
Negative
0.50
Negative
Market Momentum
>-0.01
Negative
43.17
Neutral
60.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NRDX, the sentiment is Negative. The current price of 0.37 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.39, and below the 200-day MA of 0.50, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.17 is Neutral, neither overbought nor oversold. The STOCH value of 60.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NRDX.
NordX Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | C$6.81M | -200.00 | -1.46% | ― | ― | -300.00% | |
47 Neutral | C$16.54M | -0.62 | -66.28% | ― | ― | -10.86% | |
45 Neutral | C$6.34M | -7.69 | -15.83% | ― | ― | 74.29% | |
45 Neutral | C$69.14M | -12.02 | -124.26% | ― | ― | -566.91% | |
44 Neutral | C$5.83M | -2.78 | -21.54% | ― | ― | -1300.00% | |
43 Neutral | C$15.53M | -2.53 | -19.00% | ― | ― | -23.02% |
* Basic Materials Sector Average
TSE:NRDX
NordX Metals
0.36
0.10
42.00%
TSE:ILI
Imagine Lithium Inc
0.02
0.00
0.00%
TSE:ILC
International Lithium
0.02
<0.01
33.33%
TSE:LIT
Argentina Lithium & Energy
0.10
<0.01
5.56%
TSE:NRM
Noram Lithium Corp
0.07
-0.03
-30.00%
TSE:SRA
Stria Lithium
1.15
0.93
434.88%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.