Noram Lithium Corp. (CVE:NRM – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 15,000 shares trading hands. The stock had previously closed at C$0.06.
Noram Lithium Stock Performance
The business has a 50 day simple moving average of C$0.06 and a 200 day simple moving average of C$0.12. 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$5.51 million, a PE ratio of -7.00 and a beta of -1.33.
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.
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