Noram Lithium (CVE:NRM) Hits New 52-Week Low – Time to Sell?

Noram Lithium Corp. (CVE:NRM)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 14050 shares traded. The stock had previously closed at C$0.09.

Noram Lithium Stock Performance

The company has a current ratio of 4.57, a quick ratio of 26.78 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of C$8.01 million, a P/E ratio of -1.50 and a beta of 1.26. The business’s 50 day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.17.

Noram Lithium Company Profile

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.