Noram Lithium Corp. (CVE:NRM – Get Free Report)’s share price dropped 15.4% on Thursday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 172,330 shares traded hands during trading, an increase of 332% from the average daily volume of 39,897 shares. The stock had previously closed at C$0.13.
Noram Lithium Stock Down 15.4%
The company’s 50 day simple moving average is C$0.12 and its 200-day simple moving average is C$0.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 26.78 and a current ratio of 4.30. The firm has a market capitalization of C$9.84 million, a PE ratio of -3.67 and a beta of -1.04.
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.
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