Norra Metals Corp
Norra Metals Corp., an exploration stage company, engages in the acquisition, exploration, and development of resource properties in Norway and Canada. It explores for copper, zinc, silver, gold, and lead deposits. The company holds a 100% interest in the Pyramid copper property located in northern British Columbia, Canada. It also has an option to acquire 100% interests in the Bleikvassli projec… Read more
Norra Metals Corp (NRRMF) - Net Assets
Latest net assets as of August 2022: $-550.18K USD
Based on the latest financial reports, Norra Metals Corp (NRRMF) has net assets worth $-550.18K USD as of August 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($155.67K) and total liabilities ($705.85K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-550.18K |
| % of Total Assets | -353.42% |
| Annual Growth Rate | N/A |
| 5-Year Change | -273.58% |
| 10-Year Change | -357.77% |
| Growth Volatility | 124.59 |
Norra Metals Corp - Net Assets Trend (2008–2021)
This chart illustrates how Norra Metals Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Norra Metals Corp (2008–2021)
The table below shows the annual net assets of Norra Metals Corp from 2008 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-11-30 | $-573.86K | -264.27% |
| 2020-11-30 | $349.33K | +220.81% |
| 2019-11-30 | $-289.16K | -241.76% |
| 2018-11-30 | $203.99K | -38.30% |
| 2017-11-30 | $330.59K | -51.28% |
| 2016-11-30 | $678.52K | -38.84% |
| 2015-11-30 | $1.11 Million | +30.44% |
| 2014-11-30 | $850.46K | +8.20% |
| 2013-11-30 | $785.98K | +253.06% |
| 2012-11-30 | $222.62K | -32.89% |
| 2011-11-30 | $331.71K | -31.71% |
| 2010-11-30 | $485.70K | -10.00% |
| 2009-11-30 | $539.70K | -4.87% |
| 2008-11-30 | $567.32K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Norra Metals Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1380213700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $12.32 Million | % |
| Other Comprehensive Income | $930.27K | % |
| Total Equity | $-573.86K | 100.00% |
Norra Metals Corp Competitors by Market Cap
The table below lists competitors of Norra Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mare Nostrum
PA:ALMAR
|
$961.23K |
|
Harvest Oil & Gas Corp
PINK:HRST
|
$961.42K |
|
Tiphone Mobile Indonesia Tbk
JK:TELE
|
$961.51K |
|
CoBank ACB
PINK:CKNQP
|
$963.09K |
|
New Tech Capital S.A.
WAR:NTC
|
$960.78K |
|
MMAG Holdings Bhd
KLSE:0034
|
$960.62K |
|
Weizmann Limited
NSE:WEIZMANIND
|
$959.76K |
|
MODERN LAND (CHINA) DL-01
F:7PJ
|
$959.30K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Norra Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 349,330 to -573,859, a change of -923,189 (-264.3%).
- Net loss of 1,506,189 reduced equity.
- Other comprehensive income decreased equity by 11,123,925.
- Other factors increased equity by 11,706,925.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.51 Million | -262.47% |
| Other Comprehensive Income | $-11.12 Million | -1938.44% |
| Other Changes | $11.71 Million | +2040.04% |
| Total Change | $- | -264.27% |
Book Value vs Market Value Analysis
This analysis compares Norra Metals Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-11-30 | $0.24 | $0.01 | x |
| 2009-11-30 | $0.20 | $0.01 | x |
| 2010-11-30 | $0.18 | $0.01 | x |
| 2011-11-30 | $0.12 | $0.01 | x |
| 2012-11-30 | $0.08 | $0.01 | x |
| 2013-11-30 | $0.19 | $0.01 | x |
| 2014-11-30 | $0.10 | $0.01 | x |
| 2015-11-30 | $0.11 | $0.01 | x |
| 2016-11-30 | $0.04 | $0.01 | x |
| 2017-11-30 | $0.01 | $0.01 | x |
| 2018-11-30 | $0.01 | $0.01 | x |
| 2019-11-30 | $-0.01 | $0.01 | x |
| 2020-11-30 | $0.01 | $0.01 | x |
| 2021-11-30 | $-0.01 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Norra Metals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-178.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -2.18% | 0.00% | 0.00x | 1.02x | $-69.11K |
| 2009 | -5.61% | 0.00% | 0.00x | 1.03x | $-84.26K |
| 2010 | -14.68% | 0.00% | 0.00x | 1.09x | $-119.89K |
| 2011 | -46.42% | 0.00% | 0.00x | 1.03x | $-187.16K |
| 2012 | -49.00% | 0.00% | 0.00x | 1.11x | $-131.35K |
| 2013 | -30.73% | 0.00% | 0.00x | 1.07x | $-320.16K |
| 2014 | -44.76% | 0.00% | 0.00x | 1.04x | $-465.74K |
| 2015 | -36.72% | 0.00% | 0.00x | 1.29x | $-518.33K |
| 2016 | -391.22% | 0.00% | 0.00x | 1.33x | $-2.72 Million |
| 2017 | -1024.29% | 0.00% | 0.00x | 1.45x | $-3.42 Million |
| 2018 | -471.14% | 0.00% | 0.00x | 1.71x | $-981.45K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.69 Million |
| 2020 | -385.95% | 0.00% | 0.00x | 2.07x | $-1.38 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.45 Million |
Industry Comparison
This section compares Norra Metals Corp's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Norra Metals Corp (NRRMF) | $-550.18K | -2.18% | N/A | $961.07K |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |