Shares of Noram Lithium Corp. (CVE:NRM – Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.11 and traded as low as C$0.07. Noram Lithium shares last traded at C$0.07, with a volume of 47,000 shares.
Noram Lithium Trading Down 6.7%
The business’s 50 day moving average price is C$0.11 and its two-hundred day moving average price is C$0.14. The company has a debt-to-equity ratio of 1.92, a quick ratio of 26.78 and a current ratio of 0.84. The company has a market capitalization of C$6.34 million, a price-to-earnings ratio of -7.00 and a beta of -1.35.
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. The company was formerly known as Noram Ventures Inc and changed its name to Noram Lithium Corp. in July 2021. The company was incorporated in 2010 and is headquartered in Vancouver, Canada.
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