NOM OSL Week ended 24 Jul 2026

Weekly Investor Report

Nordic Mining ASA · Basic Materials · Other Industrial Metals & Mining

Latest close 5.89 NOK
26.7% latest week
Weekly setup

Weak trend

The weekly trend is not active. Price is -44.9% below the Trend Line and sits at 7.8% of its 52-week range. The latest completed week returned 26.7%, after a -14.0% four-week move. The latest news-sentiment score is 50/100. Near-term considerations: volume confirmation is below normal.

Setup score 16 out of 100
Latest Close 5.89 NOK 24 Jul 2026
1W Return 26.7% latest completed week
4W Return -14.0% short-term follow-through
12W Return -51.7% quarterly tape
Trend Breadth 3.8% 2 of 52 weeks active
Volume Ratio 0.9x vs 13-week average
What is working
  • Latest weekly return ranks in the strongest part of its sector group.
What could go wrong
  • The trend backdrop is inactive, so price action has not confirmed a constructive regime.
  • Price is below the Trend Line, which keeps downside pressure in focus.
  • Price is below Fair Value, so the market is still discounting the latest tape.
  • Activity pressure is negative, which weakens the current setup.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is not active. Price is -44.9% below the Trend Line and sits at 7.8% of its 52-week range. The latest completed week returned 26.7%, after a -14.0% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 0.9x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.1212-week average 0.18

12-week confirmation

Trend active0/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure6/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership0/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.12Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers

No recent accumulation markers. No reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is -14.0% over four weeks, -51.7% over 12 weeks, and -74.9% over one year. The current trend has remained active for 0 consecutive weeks.

Performance by holding period

1W26.7%
4W-14.0%
12W-51.7%
26W-50.1%
52W-74.9%
Active trend streak0 weeks
Active weeks in one year2
Trend breadth3.8%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure-1.03Latest activity-pressure read.
Pressure change-56.0%Four-week change in activity pressure.
Leadership-61.20Latest relative-leadership reading.
RS change-6.6%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

A published fundamentals and factor snapshot is not available for this company.

Open full factor analysis

No published fundamental snapshot is available for this company.

05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Insider activity-

No recent insider transactions are stored for this company.

News sentiment50/100

Weighted news tone is neutral across 10 relevant articles.

1 positive · 8 neutral · 1 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-75.3%Distance below the 52-week high.
13-week volatility13.6%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher11 of 2615 weeks finished lower.
Best week+26.7%Week of 24 Jul.
Worst week-27.4%Week of 10 Jul.
Latest week+26.7%Week of 24 Jul.

Shape of recent returns

Strong gains4
Modest gains7
Flat weeks0
Modest losses6
Sharp losses9
Recent vol13.6%13-week weekly-return volatility.
Base vol9.0%52-week weekly-return volatility.
Up/down split20/31Count of positive and negative weeks in the 52-week window.
Average skew5.1% / -7.0%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

IndustryNO Other Industrial Metals & Mining
4-week rank2 / 2
Group average-4.9%
Trend breadth0.0%
Trend0.0%active weekly trend signals
MD0.0%positive activity pressure
RS0.0%positive relative leadership

Four-week leaders

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
24 Jul 20265.89 NOK26.7%10.68 NOK17.71 NOK-1.03-61.201.8MOff
17 Jul 20264.65 NOK-5.8%11.08 NOK17.75 NOK-0.99-69.511.4MOff
10 Jul 20264.93 NOK-27.4%11.51 NOK17.79 NOK-0.87-68.174.6MOff
3 Jul 20266.80 NOK-0.7%11.91 NOK17.84 NOK-0.78-57.613.5MOff
26 Jun 20266.85 NOK-6.7%12.22 NOK17.87 NOK-0.66-57.411.8MOff
19 Jun 20267.34 NOK-19.6%12.52 NOK17.90 NOK-0.29-56.62659.7KOff
12 Jun 20269.13 NOK-8.0%12.76 NOK17.93 NOK0.04-48.42139.6KOff
5 Jun 20269.92 NOK-7.6%12.96 NOK17.94 NOK0.24-45.31139.4KOff
29 May 202610.74 NOK1.1%13.08 NOK17.95 NOK0.43-41.893.1MOff
22 May 202610.62 NOK13.6%13.21 NOK17.95 NOK0.43-44.852.1MOff
15 May 20269.35 NOK-19.7%13.33 NOK17.96 NOK0.46-51.643.9MOff
8 May 202611.64 NOK-4.6%13.50 NOK17.97 NOK0.47-39.45950.2KOff
1 May 202612.20 NOK2.3%13.60 NOK17.97 NOK0.30-38.92730.4KOff
24 Apr 202611.92 NOK-3.9%13.71 NOK17.97 NOK0.01-40.501.0MOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.