NOA Lithium Brines (FRA:N7N) Momentum Rank : 0 (As of Mar. 31, 2025)

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What is NOA Lithium Brines Momentum Rank?

NOA Lithium Brines has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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NOA Lithium Brines Business Description

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NLIBF:USA NOAL:Canada

Address

639 - 5th Avenue S.W, Suite 1250, Calgary, AB, CAN, T2P 0M9

Website

https://www.noalithium.com

NOA Lithium Brines Inc is a lithium exploration and development company formed to acquire assets with important resource potential. All NOA's projects are in the heart of the prolific Lithium Triangle, in the mining-friendly province of Salta, Argentina, near many projects and operations owned by some of the enormous players in the lithium industry. NOA has rapidly consolidated an extensive and impressive lithium brine claim portfolio, with key positions on three prospective salars (Rio Grande, Arizaro, Salinas Grandes) totaling over 120,000 hectares. The Company's recent Mineral Resource approximate for the Rio Grande Project totals 4.7 million tonnes of LCE (measured, indicated and inferred) with an average lithium concentration of 525 mg/l.

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