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

Noram Lithium Corp. (CVE:NRMGet Free Report)’s share price dropped 15.4% during trading on Wednesday . The company 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 332% from the average daily volume of 39,897 shares. The stock had previously closed at C$0.13.

Noram Lithium Stock Down 15.4%

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

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.

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