Noronex Ltd. (AU:NRX)
ASX:NRX
NRX Stock Chart & Stats
AU$0.01
<AU$0.01(18.18%)
At close: 4:00 PM EST
AU$0.01
<AU$0.01(18.18%)
Day’s Range― - ―
52-Week RangeAU$0.01 - AU$0.02
Previous CloseN/A
Volume3.85M
Average Volume (3M)900.67K
Market Cap
AU$6.92M
Enterprise ValueAU$5.15M
Total Cash (Recent Filing)AU$1.14M
Total Debt (Recent Filing)AU$0.00
Price to Earnings (P/E)―
Beta1.35
Next Earnings
Sep 25, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding628,993,650
10 Day Avg. Volume1,065,145
30 Day Avg. Volume900,668
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)7.00
Price to Sales (P/S)18.09
P/FCF Ratio-1.81
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
Bulls Say, Bears Say
Bulls Say
Debt-free Balance SheetNoronex reports no debt across the period, materially reducing financial risk and providing flexibility for capital allocation. For an early-stage copper company this lowers fixed financing costs, increases runway options, and improves resilience to commodity or funding cycle shocks.
Improving RevenueRevenue growth of roughly 59% YoY in 2025 shows improving commercial traction from a low base. Sustained top-line growth can generate operating leverage, justify incremental investment, and form the basis for a path to breakeven if management controls operating expenses.
Positive Gross ProfitPositive gross profit over the last two years indicates the company can cover direct production or project costs, implying underlying unit economics can be viable. That structural margin is a foundation to focus on reducing overhead and moving toward operating profitability as scale increases.
Bears Say
Deep Operating LossesExtremely negative net margins (~-850% in 2025) and negative EBIT/EBITDA show that operating costs and non-operating items far exceed revenue. This structural unprofitability increases capital needs, weakens return prospects, and makes achieving sustainable profitability a significant execution challenge.
Negative Cash GenerationOperating and free cash flow are negative across the period, with cash burn rising in 2025 and FCF roughly tracking accounting losses. Persistent negative cash generation forces reliance on external funding, heightening dilution risk and limiting strategic flexibility over the medium term.
Equity Erosion & Negative ROEMaterial decline in equity and consistently negative returns on equity signal erosion of shareholder capital and weak capital efficiency. Continued losses that reduce equity increase the likelihood of future fundraising at dilutive terms and impair long-term investor returns unless profitability reverses.
Noronex Ltd. News
NRX FAQ
What was Noronex Ltd.’s price range in the past 12 months?
Noronex Ltd. lowest share price was AU$0.01 and its highest was AU$0.02 in the past 12 months.
What is Noronex Ltd.’s market cap?
Noronex Ltd.’s market cap is AU$6.92M.
When is Noronex Ltd.’s upcoming earnings report date?
Noronex Ltd.’s upcoming earnings report date is Sep 25, 2026 which is in 181 days.
How were Noronex Ltd.’s earnings last quarter?
Noronex Ltd. released its earnings results on Mar 10, 2026. The company reported -AU$0.001 earnings per share for the quarter, missing the consensus estimate of N/A by -AU$0.001.
Is Noronex Ltd. overvalued?
According to Wall Street analysts Noronex Ltd.’s price is currently Overvalued.
Does Noronex Ltd. pay dividends?
Noronex Ltd. does not currently pay dividends.
What is Noronex Ltd.’s EPS estimate?
Noronex Ltd.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Noronex Ltd. have?
Noronex Ltd. has 628,993,650 shares outstanding.
What happened to Noronex Ltd.’s price movement after its last earnings report?
Noronex Ltd. reported an EPS of -AU$0.001 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -14.286%.
Which hedge fund is a major shareholder of Noronex Ltd.?
Currently, no hedge funds are holding shares in AU:NRX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Noronex Ltd. Stock Smart Score
Underperform
1
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3
4
5
6
7
8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
-5.88%
12-Months-Change
Fundamentals
Return on Equity
-123.30%
Trailing 12-Months
Asset Growth
48.33%
Trailing 12-Months
Company Description
Noronex Ltd.
Noronex Limited operates as a mineral exploration company. The company primarily explores for base and precious metals, as well as copper deposits. It focuses on Witvlei project comprising two prospecting licences covering an area of approximately 390 square kilometers located in Kalahari Copper Belt, Namibia. 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.
Technical Analysis
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Options Prices
Currently, No data available
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