Noram Lithium Corp. (CVE:NRM – Get Free Report) dropped 15.4% during 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 Stock Performance
The company’s 50-day moving average is C$0.12 and its two-hundred day moving average is C$0.11. The company has a market capitalization of C$9.84 million, a P/E ratio of -3.67 and a beta of -1.04. The company has a quick ratio of 26.78, a current ratio of 4.30 and a debt-to-equity ratio of 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.
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