Noram Lithium (CVE:NRM) Shares Down 15.4% – Should You Sell?

Noram Lithium Corp. (CVE:NRMGet Free Report)’s stock price was down 15.4% during trading on Wednesday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 113,330 shares were traded during trading, an increase of 186% from the average daily volume of 39,616 shares. The stock had previously closed at C$0.13.

Noram Lithium Stock Up 4.5%

The firm’s 50-day moving average is C$0.12 and its 200 day moving average is C$0.11. The firm 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 debt-to-equity ratio of 0.17, a quick ratio of 26.78 and a current ratio of 4.30.

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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