Noram Lithium (CVE:NRM) Reaches New 12-Month Low – Here’s Why

Noram Lithium Corp. (CVE:NRM) shares hit a new 52-week low on Friday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 72000 shares changing hands. The stock had previously closed at C$0.09.

Analyst Upgrades and Downgrades

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

Noram Lithium Stock Down 5.6 %

The stock has a market capitalization of C$8.00 million, a PE ratio of -2.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.30 and a quick ratio of 26.78. The business’s fifty day moving average price is C$0.09 and its two-hundred day moving average price is C$0.12.

About Noram Lithium

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.