Noram Lithium (CVE:NRM) Shares Down 15.4% – Here’s What Happened

Noram Lithium Corp. (CVE:NRMGet Free Report) shares traded down 15.4% during trading on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. 113,330 shares were traded during mid-day trading, an increase of 186% from the average session volume of 39,616 shares. The stock had previously closed at C$0.13.

Noram Lithium Stock Performance

The company has a quick ratio of 26.78, a current ratio of 4.30 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of C$0.12 and a 200 day moving average price of C$0.11. The stock has a market cap of C$9.84 million, a PE ratio of -3.67 and a beta of -1.04.

Noram Lithium Company Profile

(Get Free Report)

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.

Further Reading

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