NORAM VENTURES INC chart

Last update: 2021-02-12
Key statistics and financials
Revenue per share N/A
Dividend & YieldN/AC$ (N/A)
Beta 1.46
Market capitalization 61.93M
Operating cash flow -1.6M
ESG Scores unknown

Company description

Noram Lithium Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. It owns interests in the Zeus Lithium Project located in Clayton Valley, Nevada. The company was formerly known as Noram Ventures Inc. and changed its name to Noram Lithium Corp. in July 2021. Noram Lithium Corp. was incorporated in 2010 and is based in Vancouver, Canada.

Sector: Basic Materials - Industry: Other Industrial Metals & Mining

Financial data

Financial Statements

Cashflow Statement 2018-01-31 2019-01-31 2020-01-31 2021-01-31
Change To Liabilities 30.45k 145.94k -7.91k 100.28k
Total Cashflows From Investing Activities -178.2k -833.28k -242.09k -990.16k
Net Borrowings -61.38k -61.38k -61.38k -61.38k
Total Cash From Financing Activities 1.14M 1.43M 299.71k 2.92M
Change To Operating Activities 16.5k -76.56k 59.77k -12.43k
Issuance Of Stock 1.14M 1.43M 368.35k 2.98M
Net Income -3.77M -1.45M -513.62k -5M
Change In Cash 32.37k 99.34k -240.83k 855.61k
Effect Of Exchange Rate
Total Cash From Operating Activities -924.43k -494.29k -298.45k -1.07M
Depreciation 2.77M 163.38k 56.97k 55.81k
Change To Account Receivables 3.19k 3.19k 3.19k -22.55k
Other Cashflows From Financing Activities -7.26k -7.26k -7.26k
Change To Netincome 24.76k 722.26k 103.17k 3.81M
Capital Expenditures -178.2k -823.3k -242.09k -240.16k

Income Statement 2018-01-31 2019-01-31 2020-01-31 2021-01-31
Research Development
Income Before Tax -3.77M -1.45M -513.62k -5M
Net Income -3.77M -1.45M -513.62k -5M
Selling General Administrative 764.47k 586.58k 387k 1.09M
Gross Profit -114.79k
Ebit -3.56M -1.47M -544.72k -4.94M
Operating Income -3.56M -1.47M -544.72k -4.94M
Interest Expense -164.31k -6.31k -6.31k -10.51k
Income Tax Expense
Total Revenue
Cost Of Revenue 114.79k
Total Other Income ExpenseNet -206.92k 16.91k 31.1k -56.86k
Net Income From Continuing Ops -3.77M -1.45M -513.62k -5M
Net Income Applicable To Common Shares -3.77M -1.45M -513.62k -5M

Balance Sheet Statement 2018-01-31 2019-01-31 2020-01-31 2021-01-31
Total Liabilities 62.71k 208.65k 294.61k 341.03k
Total Stockholder Equity 1.15M 2.94M 2.9M 4.7M
Other Current Liabilities
Total Assets 1.21M 3.15M 3.2M 5.04M
Common Stock 7.96M 10.6M 10.98M 14.41M
Other Current Assets
Retained Earnings -7.72M -9.17M -9.68M -14.68M
Treasury Stock 914.03k 1.52M 1.6M 4.96M
Cash 152.36k 251.7k 10.87k 866.48k
Total Current Liabilities 62.71k 208.65k 244.01k 341.03k
Other Stockholder Equity 914.03k 1.52M 1.6M 4.96M
Property, Plant, and Equipment 988.63k 2.79M 3.13M 3.32M
Total Current Assets 214.4k 345.3k 45.02k 1.7M
Net Tangible Assets 1.15M 2.94M 2.9M 4.7M
Net Receivables 62.04k 12.96k 13.27k 52.98k
Accounts Payable 40.22k 192.34k 49.43k 77.83k


Insider Transactions

Here are the insider transactions of stock shares related to NORAM VENTURES INC:

Filer Name Transaction Text Ownership Date Filer Relation Shares
MacDougall (Sandy James)Acquisition or disposition in the public market at price 0.62 per share.I2022-03-24Director of Issuer10k
MacDougall (Sandy James)Acquisition or disposition in the public market at price 0.56 per share.I2022-03-09Director of Issuer2k
MacDougall (Sandy James)Acquisition or disposition in the public market at price 0.58 per share.I2022-03-09Director of Issuer2.5k
Ball (Peter)Acquisition or disposition in the public market at price 0.71 per share.I2022-02-10Senior Officer of Issuer1.5k
Ball (Peter)Acquisition or disposition in the public market at price 0.69 per share.I2022-02-09Senior Officer of Issuer27.5k
Ball (Peter)Acquisition or disposition in the public market at price 0.69 per share.I2022-02-09Senior Officer of Issuer20k
Ball (Peter)Acquisition or disposition in the public market at price 0.71 per share.I2022-02-08Senior Officer of Issuer2k
Ball (Peter)Acquisition or disposition in the public market at price 0.71 per share.I2022-02-08Senior Officer of Issuer5k
Ball (Peter)Acquisition or disposition in the public market at price 0.71 per share.I2022-02-08Senior Officer of Issuer5k
Ball (Peter)Acquisition or disposition in the public market at price 0.71 per share.I2022-02-08Senior Officer of Issuer3k
Ball (Peter)Acquisition or disposition in the public market at price 0.71 per share.I2022-02-08Senior Officer of Issuer5k
Ball (Peter)Acquisition or disposition in the public market at price 0.66 per share.I2022-02-07Senior Officer of Issuer4k
Ball (Peter)Acquisition or disposition in the public market at price 0.67 per share.I2022-02-07Senior Officer of Issuer11k
Ball (Peter)Acquisition or disposition in the public market at price 0.66 per share.I2022-02-07Senior Officer of Issuer1.5k
Ball (Peter)Acquisition or disposition in the public market at price 0.66 per share.I2022-02-07Senior Officer of Issuer3k
Ball (Peter)Acquisition or disposition in the public market at price 0.66 per share.I2022-02-07Senior Officer of Issuer3.5k
Ball (Peter)Acquisition or disposition in the public market at price 0.66 per share.I2022-02-07Senior Officer of Issuer46.5k
MacDougall (Sandy James)Acquisition or disposition under a purchase/ownership plan at price 0.77 per share.D2021-12-14Director of Issuer15k
Brown (Arthur)Acquisition or disposition in the public market at price 0.83 per share.D2021-12-09Director of Issuer10k
Ball (Peter)I2021-12-01Senior Officer of Issuer
Ball (Peter)I2021-12-01Senior Officer of Issuer

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to NORAM VENTURES INC. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on NORAM VENTURES INC

Here is the result of two systematic investment strategies applied to NORAM VENTURES INC. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on NORAM VENTURES INC

The following chart shows the equity curve of the two systematic investment strategies applied to NORAM VENTURES INC:

NORAM VENTURES INC automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 1089.64% on the backtest period.

Performance at glance

Performance

1089.64 %

Latent gain

24519.78 C$

Invested capital

2250.26 C$

Annualized return

244.31 %
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Momentum strategy results on NORAM VENTURES INC

This is the result of two momentum investment strategies applied to NORAM VENTURES INC. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on NORAM VENTURES INC

The following chart shows all the entries opened by the momentum investment system on NORAM VENTURES INC:

NORAM VENTURES INC momentum entries
  • The first momentum investment strategy would give 1505.52% of return on NORAM VENTURES INC. That represents 97857.59C$ of latent gain with 6499.91C$ of employed capital.
  • The second momentum investment strategy would give 1253.4% of return on NORAM VENTURES INC. That represents 37600.29C$ of latent gain with 2999.86C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

1505.52 %

Latent gain

97857.59 C$

Invested capital

6499.91 C$

Annualized return

251.49 %
Performance at glance (2Q Momentum)

Performance

1253.4 %

Latent gain

37600.29 C$

Invested capital

2999.86 C$

Annualized return

314.92 %

Momentum equity curve on NORAM VENTURES INC

The following chart shows the equity curve of the two momentum strategies applied to NORAM VENTURES INC:

NORAM VENTURES INC momentum equity

Note: the dividends potentially given by NORAM VENTURES INC are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on NORAM VENTURES INC

The following chart shows the employed capital evolution of the two momentum strategies on NORAM VENTURES INC since the beginning:

NORAM VENTURES INC

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on NORAM VENTURES INC

Buy the dip entry openings on NORAM VENTURES INC

NORAM VENTURES INC

The performance achieved by the robo-advisor on NORAM VENTURES INC is 618.67%. That represents 9280.53$ of latent gain with 1500.07C$ of employed capital. The following chart shows NORAM VENTURES INC stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of NORAM VENTURES INC, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

618.67 %

Latent gain

9280.53 C$

Invested capital

1500.07 C$

Annualized return

251.49 %

Equity curve of the strategy applied to NORAM VENTURES INC

The following chart shows the result of the investment strategy applied to NORAM VENTURES INC:

NORAM VENTURES INC

Note: the dividends potentially given by NORAM VENTURES INC are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on NORAM VENTURES INC

The following chart shows the employed capital evolution since the beginning of the investment strategy on NORAM VENTURES INC:

NORAM VENTURES INC

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on NORAM VENTURES INC

In this section, I will compare the three previous investment strategies applied to NORAM VENTURES INC.

Equity curve comparison on NORAM VENTURES INC

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

NORAM VENTURES INC investment strategy comparison

Employed capital comparison on NORAM VENTURES INC

NORAM VENTURES INC investment comparison

Performance comparison on NORAM VENTURES INC

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 1089.64% 24519.78C$ 2250.26C$ 244.31%
Momentum 1 quarter 1505.52% 97857.59C$ 6499.91C$ 356.76%
Momentum 2 quarters 1253.4% 37600.29C$ 2999.86C$ 314.92%
Non-directional 618.67% 9280.53C$ 1500.07C$ 251.49%
Annualized return comparison

Automatic investment

244.31 %

Momentum 1Q

314.92 %

Momentum 2Q

314.92 %

Non-directional

251.49 %

Correlated stocks

Here are the most positively and negatively correlated stocks with NORAM VENTURES INC:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between NORAM VENTURES INC and the other stocks. There may be false positives or some missing correlated stocks. If the price of NORAM VENTURES INC does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name NORAM VENTURES INC
Country Canada
City Vancouver
Address 555 West Hastings Street
Phone 604-553-2279
Website noramlithiumcorp.com
FullTime employees
Industry Other Industrial Metals & Mining
Sector Basic Materials
Exchange XTSX
Ticker NRM.XTSX
Market www.tsx.com

NORAM VENTURES INC ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown