Noram Lithium (CVE:NRM) Trading Down 15.4% – Time to Sell?

Noram Lithium Corp. (CVE:NRMGet Free Report) shares fell 15.4% during mid-day trading on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. 172,330 shares traded hands during mid-day 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 Performance

The stock has a 50 day moving average price of C$0.12 and a two-hundred day moving average price of C$0.11. The company has a market capitalization 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 current ratio of 4.30 and a quick ratio of 26.78.

About Noram Lithium

(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.

Read More

Receive News & Ratings for Noram Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noram Lithium and related companies with MarketBeat.com's FREE daily email newsletter.