Noram Lithium (CVE:NRM) Sets New 1-Year Low – What’s Next?

Noram Lithium Corp. (CVE:NRM) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.09 and last traded at C$0.09, with a volume of 225008 shares traded. The stock had previously closed at C$0.10.

Analyst Ratings Changes

Separately, Fundamental Research set a C$1.14 price objective on shares of Noram Lithium and gave the company a “buy” rating in a report on Thursday, January 30th.

Noram Lithium Stock Up 5.6 %

The firm has a market cap of C$8.95 million, a PE ratio of -2.74 and a beta of 1.26. The business has a 50-day moving average price of C$0.09 and a two-hundred day moving average price of C$0.13. The company has a quick ratio of 26.78, a current ratio of 4.30 and a debt-to-equity ratio of 0.17.

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.