Noram Lithium (CVE:NRM) Shares Down 15.4% – Here’s Why

Noram Lithium Corp. (CVE:NRMGet Free Report)’s stock price fell 15.4% on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. 113,330 shares changed hands during mid-day trading, an increase of 186% from the average session volume of 39,616 shares. The stock had previously closed at C$0.13.

Noram Lithium Stock Performance

The company has a current ratio of 4.30, a quick ratio of 26.78 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of C$9.84 million, a P/E ratio of -3.67 and a beta of -1.04. The company’s 50-day moving average is C$0.12 and its two-hundred day moving average is C$0.11.

About Noram Lithium

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Noram Lithium Corp., through its subsidiary, Green Energy Resources Inc, engages in the acquisition, exploration, and development of mineral exploration properties. It holds 100% interests in the Zeus lithium project with 146 placer claims and 136 lode claims covering an area of 1,113 hectares located in Clayton Valley, Nevada, the United States.

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