Noronex Limited engages in the exploration of mineral properties in Namibia and Canada. It primarily explores for base and precious metals with a focus on copper. The company focuses on Witvlei, Snowball, and Humpback projects covering an area of approximately 8,700 square kilometers located in Kalahari Copper Belt, Namibia. It also holds interest in the Onaman project located on the Onaman-Tashota Greenstone Belt near north-east of Thunder Bay, Ontario; and the Queensland project located in Queensland. The company was formerly known as Lustrum Minerals Limited and changed its name to Noronex Limited in November 2020. Noronex Limited was incorporated in 2015 and is based in Subiaco, Australia.
Metrics to compare | NRX | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipNRXPeersSector | |
---|---|---|---|---|
P/E Ratio | −2.0x | −4.5x | 0.0x | |
PEG Ratio | −0.04 | −0.05 | 0.00 | |
Price/Book | 2.2x | 1.0x | 1.6x | |
Price / LTM Sales | 141.2x | 94.3x | 1.2x | |
Upside (Analyst Target) | - | 247.3% | 39.4% | |
Fair Value Upside | Unlock | 13.6% | 4.5% | Unlock |