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

Noram Lithium Corp. (CVE:NRMGet Free Report) shares fell 15.4% on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. 113,330 shares traded hands 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 Up 4.5%

The stock has a market cap of C$10.29 million, a price-to-earnings ratio of -3.83 and a beta of -1.04. 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’s 50-day simple moving average is C$0.12 and its two-hundred 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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