Noram Lithium Corp. (CVE:NRM – Get Free Report) dropped 15.4% during mid-day trading on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 172,330 shares were traded during trading, an increase of 332% from the average daily volume of 39,897 shares. The stock had previously closed at C$0.13.
Noram Lithium Price Performance
The stock has a fifty day moving average price of C$0.12 and a 200-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. The firm has a market capitalization of C$10.29 million, a PE ratio of -3.83 and a beta of -1.04.
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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