Noram Lithium Corp. (CVE:NRM – Get Free Report) dropped 15.4% during mid-day trading on Wednesday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 172,330 shares traded hands during mid-day trading, an increase of 332% from the average daily volume of 39,897 shares. The stock had previously closed at C$0.13.
Noram Lithium Stock Performance
The company has a market cap of C$9.84 million, a P/E ratio of -3.67 and a beta of -1.04. The firm has a 50 day moving average of C$0.12 and a 200-day moving average of C$0.11. The company has a quick ratio of 26.78, a current ratio of 4.30 and a debt-to-equity ratio of 0.17.
About Noram Lithium
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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