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

by · The Cerbat Gem

Noram Lithium Corp. (CVE:NRM – Get Free Report) fell 15.4% on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. 172,330 shares traded hands during trading, an increase of 332% from the average session volume of 39,897 shares. The stock had previously closed at C$0.13.

Noram Lithium Stock Up 4.5%

The firm has a 50 day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.11. The stock has a market capitalization of C$10.29 million, a P/E ratio of -3.83 and a beta of -1.04. 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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