Noram Lithium (CVE:NRM) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Noram Lithium Corp. (CVE:NRM)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.09 and traded as low as C$0.09. Noram Lithium shares last traded at C$0.09, with a volume of 3,000 shares.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.14 price target on shares of Noram Lithium and gave the company a “buy” rating in a research report on Thursday, January 30th.

Noram Lithium Price Performance

The business’s fifty day moving average is C$0.09 and its 200 day moving average is C$0.12. The company has a market cap of C$8.47 million, a P/E ratio of -2.60 and a beta of 1.26. The company has a current ratio of 4.30, a quick ratio of 26.78 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.