Noram Lithium (CVE:NRM) Hits New 12-Month High – Still a Buy?

Noram Lithium Corp. (CVE:NRM)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$0.18 and last traded at C$0.18, with a volume of 19480 shares. The stock had previously closed at C$0.17.

Noram Lithium Trading Up 2.9%

The firm’s 50 day simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.13. The stock has a market capitalization of C$15.65 million, a P/E ratio of -5.83 and a beta of -1.59. The company has a quick ratio of 26.78, a current ratio of 0.15 and a debt-to-equity ratio of 2.55.

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.