Noram Lithium (CVE:NRM) Stock Price Down 15.4% – Should You Sell?

Noram Lithium Corp. (CVE:NRMGet Free Report)’s stock price traded down 15.4% on Thursday . The stock traded as low as C$0.11 and last traded at C$0.11. 172,330 shares traded hands during trading, an increase of 332% from the average session volume of 39,897 shares. The stock had previously closed at C$0.13.

Noram Lithium Stock Up 4.5%

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 stock has a market capitalization of C$10.29 million, a PE ratio of -3.83 and a beta of -1.04. The stock’s fifty day simple moving average is C$0.12 and its 200-day simple moving average is 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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