Shares of Noram Lithium Corp. (CVE:NRM – Get Free Report) dropped 15.4% on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 172,330 shares traded hands during trading, an increase of 334% from the average daily volume of 39,666 shares. The stock had previously closed at C$0.13.
Noram Lithium Trading Down 15.4%
The firm has a market capitalization of C$9.84 million, a price-to-earnings ratio of -3.67 and a beta of -1.04. The company has a 50 day moving average price of C$0.12 and a two-hundred day moving average price of C$0.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 26.78 and a current ratio of 4.30.
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.
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