Noram Lithium (CVE:NRM) Sets New 52-Week Low – Should You Sell?

Noram Lithium Corp. (CVE:NRM)’s share price reached a new 52-week low on Monday. The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 20,167 shares. The stock had previously closed at C$0.06.

Noram Lithium Trading Up 20.0%

The company has a quick ratio of 26.78, a current ratio of 1.94 and a debt-to-equity ratio of 1.36. The company has a market capitalization of C$6.01 million, a PE ratio of -7.00 and a beta of -1.55. The stock’s fifty day moving average price is C$0.06 and its two-hundred day moving average price is C$0.11.

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. The company was formerly known as Noram Ventures Inc. and changed its name to Noram Lithium Corp. in July 2021. The company was incorporated in 2010 and is headquartered in Vancouver, Canada.