38LOW

NRX

NORONEXLTD FPO [NRX]
Noronex Limited engages in the mineral exploration in Australia, Namibia, and Canada. It primarily explores for uranium and copper deposits. The company's flagship project is the Witvlei Copper project in 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.
Basic Materials · ASX Small Cap
$0.0100 -9.1%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical36
Catalyst50
Sentiment50
Fundamental34
Momentum60
Risk Gate27
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Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • MACD momentum is losing steam
  • Stochastic is deep in oversold territory — bounce conditions forming
  • Sitting near support — this level has held before and could attract buyers again
  • Drifting lower — down 9.1% over the last 5 days
  • Lagging the Small Ords index — relative strength of 0.80, underperforming its peers
  • Critical cash runway (0.9 quarters)
  • Moderate P/S ratio (10.3x)
  • Strong revenue growth (+99%)
  • Near 52-week low (0% of range)
  • Micro-cap ($5-20M) - high risk
  • Capital raise activity (1 events)
  • Sentiment is mixed — no strong consensus either way
  • Revenue growing at +99% — the top line is moving in the right direction
  • The bigger volume days are the up days — volume-weighted momentum is positive (0.42%/day)
  • Altman Z-Score distress zone (-0.45 < 1.81, low-confidence approx)
  • Penny stock risk ($0.010)
  • RBA hiking (-3pts)

Risk Signals

  • Trading below both moving averages — the trend is working against this one
  • Below the 200-day average — the long-term trend is still working against it
  • Deeply negative margins (-235%)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE Executive Leadership Update
NONE Change in substantial holding
NONE Proposed issue of securities - NRX

Recent ASX Announcements

2026-03-20 Executive Leadership Update PRICE SENSITIVE
2026-03-12 Change in substantial holding
2026-03-10 Proposed issue of securities - NRX
2026-03-10 Completion of Dordabis Transaction PRICE SENSITIVE
2026-03-10 Half Yearly Report and Accounts

Key Metrics

$6.3M
Market Cap
1.2M
Avg Volume
0.5x
Vol Ratio
$0.01 — $0.02
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-126.9%
ROE
-235.4%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 58%
LLeader vs LaggardlaggardRS: -6
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

Ranked #507 of 558 · Sector avg: 46

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