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Noram Lithium Corp
(NRM)
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Rating:45Neutral
Price Target:
C$0.06
▲(5.00% Upside)
Action:Reiterated
Date:08/22/26
The score is primarily constrained by financial performance: the company reports no revenue, remains loss-making, and continues to burn cash despite improved losses and cash outflows and low debt. Technicals add modest pressure due to a weak longer-term price trend and negative MACD, while valuation is also limited by negative earnings and no dividend yield data.
Positive Factors
Low Leverage
Debt is modest relative to equity, giving the company more financial flexibility while it advances its lithium project. A light debt burden can reduce interest pressure and preserve capacity to fund exploration or withstand funding volatility.
Negative Factors
Pre-Revenue Business Model
Noram remains pre-revenue, with no annual sales reported. Without an established revenue base, the company cannot yet demonstrate customer demand, operating leverage, or internally funded growth, leaving future production economics dependent on successful project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Debt is modest relative to equity, giving the company more financial flexibility while it advances its lithium project. A light debt burden can reduce interest pressure and preserve capacity to fund exploration or withstand funding volatility.
Read all positive factors
Noram Lithium Corp (NRM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.81M
Dividend YieldN/A
Average Volume (3M)55.31K
Price to Earnings (P/E)―
Beta (1Y)-0.69
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. Volume50,093
30 Day Avg. Volume55,308
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
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Jan 2026 | Apr 2025 | Apr 2024 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -52.82K | -56.77K | -56.73K | -56.21K | -55.81K |
| EBITDA | -1.36M | -3.09M | -6.30M | -5.17M | -4.93M |
| Net Income | -809.80K | -3.15M | -5.66M | -4.18M | -5.01M |
Balance Sheet | |||||
| Total Assets | 5.86M | 6.30M | 8.43M | 14.24M | 5.04M |
| Cash, Cash Equivalents and Short-Term Investments | 114.13K | 577.36K | 3.64M | 12.22M | 1.62M |
| Total Debt | 104.61K | 151.05K | 55.68K | 110.90K | 50.60K |
| Total Liabilities | 420.55K | 511.87K | 480.54K | 694.47K | 341.03K |
| Stockholders Equity | 5.44M | 5.79M | 7.95M | 13.55M | 4.70M |
Cash Flow | |||||
| Free Cash Flow | -655.38K | -2.19M | -4.88M | -5.99M | -1.31M |
| Operating Cash Flow | -655.38K | -2.19M | -4.88M | -3.97M | -1.07M |
| Investing Cash Flow | -38.16K | 1.83M | 4.33M | -11.17M | -990.16K |
| Financing Cash Flow | 230.32K | -24.83K | -63.30K | 16.61M | 2.92M |
Noram Lithium Corp Technical Analysis
Positive
0.06
Price Trends
0.07
Positive
0.10
Negative
0.12
Negative
Market Momentum
>-0.01
Negative
52.51
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NRM, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.12, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.51 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
45 Neutral | C$6.81M | -7.14 | -15.83% | ― | ― | 74.29% | |
45 Neutral | C$4.01M | -1.90 | -288.75% | ― | ― | 30.81% | |
43 Neutral | C$19.51M | -4.91 | -66.51% | ― | ― | 88.35% | |
41 Neutral | C$5.16M | -25.00 | -2.27% | ― | ― | -550.00% | |
33 Underperform | C$8.90M | -0.72 | -96.75% | ― | ― | -107.05% |
* General Sector Average
TSE:NRM
Noram Lithium Corp
0.07
-0.04
-38.18%
TSE:ILI
Imagine Lithium Inc
0.02
-0.02
-50.00%
TSE:MUR
Murchison Minerals
0.21
-0.25
-54.44%
TSE:GRG
Golden Arrow Resources
0.11
0.03
50.00%
TSE:AWCM
Ameriwest Lithium
0.25
-0.03
-12.28%
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.