Want to see TSE:NRM full AI Analyst Report?
Top Page
Noram Lithium Corp
(NRM)
Select Model
Select Model
Rating:42Neutral
Price Target:
C$0.06
▼(-3.33% Downside)
Action:Reiterated
Date:10/14/26
The score is primarily held down by the company’s pre-revenue financial profile and persistent negative free cash flow, which keep funding risk elevated despite improving loss trends. Technicals add further pressure with the stock trading below major moving averages and bearish momentum indicators. Valuation is also constrained because negative earnings (negative P/E) and the absence of dividend yield provide limited fundamental support.
Positive Factors
Low Leverage
Very low leverage reduces financial risk and leaves the company with greater flexibility while it advances its lithium projects. Because assets are largely equity-funded, Noram has less debt-service pressure and more capacity to manage development spending without adding substantial borrowing obligations.
Negative Factors
Pre-Revenue Business
Noram has not yet established operating revenue, so its financial profile depends on advancing the Zeus Lithium Project and other exploration work toward a potential future production operation. Until revenue begins, the company cannot rely on customer receipts to fund ongoing activities.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage reduces financial risk and leaves the company with greater flexibility while it advances its lithium projects. Because assets are largely equity-funded, Noram has less debt-service pressure and more capacity to manage development spending without adding substantial borrowing obligations.
Read all positive factors
Noram Lithium Corp (NRM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.01M
Dividend YieldN/A
Average Volume (3M)47.73K
Price to Earnings (P/E)―
Beta (1Y)-0.84
Revenue GrowthN/A
EPS Growth74.29%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding100,127,610
10 Day Avg. Volume80,870
30 Day Avg. Volume47,729
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)2.30
Price to Sales (P/S)0.00
P/FCF Ratio-19.11
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
Noram Lithium Corp Business Overview & Revenue Model
Company Description
Noram Lithium Corp. is actively involved in the acquisition, exploration, and development of mineral properties across the United States. Its primary asset is the Zeus Lithium project, a substantial site encompassing approximately 1,113 hectares w...
Noram Lithium Corp Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
64
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jan 2026 | Apr 2025 | Apr 2024 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -26.41K | -52.82K | -56.77K | -56.73K | -56.21K | -55.81K |
| EBITDA | -750.00K | -1.36M | -3.09M | -6.25M | -5.17M | -4.93M |
| Net Income | -189.69K | -809.80K | -3.15M | -5.66M | -4.18M | -5.01M |
Balance Sheet | ||||||
| Total Assets | 6.21M | 5.86M | 6.30M | 8.43M | 14.24M | 5.04M |
| Cash, Cash Equivalents and Short-Term Investments | 418.53K | 114.13K | 577.36K | 3.64M | 12.22M | 1.62M |
| Total Debt | 79.59K | 104.61K | 151.05K | 55.68K | 110.90K | 50.60K |
| Total Liabilities | 350.97K | 420.55K | 511.87K | 480.54K | 694.47K | 341.03K |
| Stockholders Equity | 5.86M | 5.44M | 5.79M | 7.95M | 13.55M | 4.70M |
Cash Flow | ||||||
| Free Cash Flow | -786.57K | -655.38K | -2.19M | -4.88M | -5.99M | -1.31M |
| Operating Cash Flow | -732.90K | -655.38K | -2.19M | -4.88M | -3.97M | -1.07M |
| Investing Cash Flow | -38.54K | -38.16K | 1.83M | 4.33M | -11.17M | -990.16K |
| Financing Cash Flow | 1.02M | 230.32K | -24.83K | -63.30K | 16.61M | 2.92M |
Noram Lithium Corp Technical Analysis
Negative
0.06
Price Trends
0.07
Negative
0.08
Negative
0.12
Negative
Market Momentum
>-0.01
Positive
42.13
Neutral
38.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NRM, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.13 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NRM.
Noram Lithium Corp Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | C$18.66M | -5.13 | -66.51% | ― | ― | 88.35% | |
45 Neutral | C$3.84M | -1.71 | -288.75% | ― | ― | 30.81% | |
42 Neutral | C$6.01M | -35.01 | -3.49% | ― | ― | 74.29% | |
41 Neutral | C$5.16M | -25.00 | -2.27% | ― | ― | -550.00% | |
33 Underperform | C$7.19M | -0.72 | -96.75% | ― | ― | -107.05% |
* General Sector Average
TSE:NRM
Noram Lithium Corp
0.06
-0.06
-50.00%
TSE:ILI
Imagine Lithium Inc
0.02
-0.02
-50.00%
TSE:MUR
Murchison Minerals
0.19
-0.16
-46.38%
TSE:GRG
Golden Arrow Resources
0.11
0.05
83.33%
TSE:AWCM
Ameriwest Lithium
0.19
-0.13
-39.68%
Noram Lithium Corp Corporate Events
Business Operations and Strategy
Noram Lithium Advances Updated PEA to Expand Zeus Critical Minerals Potential
Positive
Aug 21, 2026
Noram Lithium Corp. is advancing its Zeus Critical Minerals Project in Clayton Valley, Nevada, positioning itself as a key future supplier of lithium and other critical minerals to the North American market. The company continues to prioritize tec...
Business Operations and Strategy
Noram Lithium Hires B.C. Consultant to Bolster Investor Outreach
Positive
Aug 8, 2026
Noram Lithium Corp. has engaged North Vancouver-based consulting firm 1353656 B.C. Ltd., led by Sean Davis, under a six-month agreement to provide strategic management, corporate communications, investor relations and marketing services. The contr...
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.