Shares of Noram Lithium Corp. (CVE:NRM – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 362,417 shares changing hands. The stock had previously closed at C$0.07.
Noram Lithium Price Performance
The company has a quick ratio of 26.78, a current ratio of 1.94 and a debt-to-equity ratio of 1.36. The firm has a 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.11. The stock has a market cap of C$6.01 million, a P/E ratio of -7.00 and a beta of -1.33.
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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