Noram Lithium (CVE:NRM) Trading Down 15.4% – What’s Next?

Noram Lithium Corp. (CVE:NRMGet Free Report) traded down 15.4% on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. 95,330 shares changed hands during trading, an increase of 143% from the average session volume of 39,263 shares. The stock had previously closed at C$0.13.

Noram Lithium Stock Down 15.4%

The firm has a market capitalization of C$9.84 million, a PE ratio of -3.67 and a beta of -1.04. The stock has a 50-day simple moving average of C$0.12 and a 200-day simple 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.

Noram Lithium Company Profile

(Get Free Report)

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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